Australia's largest stock trading and investment forum Australia's #1 stock forum

NTL new talisman gold mines limited

0.00%

1.6¢

Cash flow statement looked good. Around 400-500k spend projected...

First 15 Last

Share
Profile

Follow
Hopeful Hitter

106 Posts.

38

06/06/17

12:40

Post #: 25122288
Share

Originally posted by robbo24 ↑

Here's a post I wrote about 14 months ago. It has aged reasonably well: https://hotcopper.com.au/threads/nt...bagger.2760179/?post_id=17641588#.WTYTqsYlGUk

It covers the location of the projects - both adjacent to State Highway 2. 15 mins from the OceanaGold Martha Pit Mine.

A lot has happened since my post, namely: $6.5m raising (only $2.2m to revive the underground mine!) and all consents for construction given. Construction should be underway about now or at least this week. Company maintains it will be 6 months from commencement to ore. Currently consented to take 20,000 cubic meters of material per annum, which must be about 60,000 tons per annum in a mine where grades reach 6+ ounces per ton of gold and 18 ounces of silver per ton

Who knows what they will come up with!

Expand

Cash flow statement looked good. Around 400-500k spend projected for the quarter. Even if the expenses blew out to 750k, that is only 1.5mil until the projected time for production to start up. With 5.5m in the bank it's seems worth the punt...GLTA

NTL Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

PIQ

Proteomics notches up as company launches PromarkerD into the US

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

First 15 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Cash flow statement looked good. Around 400-500k spend projected...

Top Stories

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Proteomics notches up as company launches PromarkerD into the US

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Featured News