2 cents for heads or options or both. Finally they are talking

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voncee

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12/07/17

14:56

Post #: 25822134
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Originally posted by robbo24 ↑

My observations so far:

Dubbo is currently 408,000 (including 312,800oz JORC 2012 compliant resource and 95,000 JORC 2012 compliant exploration target).

There's also the Woodstock, Maria, Crown, Welcome and the MYSTERY vein. This pic is from last year for the rights issue prospectus:

The existing JORC 2004 resource (of 200,000 ounces) will have a component of Dubbo in it already. I will have to find exactly how much of the existing 2004 resource constituted the Dubbo zone.

If we presume the original JORC 2004 resource was 50% Dubbo (100,000 ounces), then the current NTL resource could already be about 500,000 ounces of gold plus silver.

Also note that the cut off grade used is 3g/t:

So it looks like NTL has leapfrogged a company or two in terms of highest grade underground mines. I got this on Facebook and edited it:

Seems to me there's some good news coming up over the next 2-3 weeks. The other veins should add some WELCOME resources to our CROWN but until then it will remain a MYSTERY

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Originally posted by robbo24 ↑

NTLO on the ASX up 300%

(on 25,000 volume)

Still, it makes for great reading!

2 cents here we come!!

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2 cents for heads or options or both. Finally they are talking

NTL Price at posting: 1.2¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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2 cents for heads or options or both. Finally they are talking

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