We often forget that many in our society face language barriers. In the spirit of inclusion, we've provided a simple English translation to ensure clarity for all.
NTL said:"Concentrate and tailings of the test run will be sent for assay."
Translate: Despite claiming compliance, we haven’t done the work. We’re unsure whether our tailings are inert, and disposal could be costly—watch this space.
NTL said:"TFM to make best endeavours to maximise the precious metal recovery rate."
Translate: We skipped our homework and have no clue how much should be recovered—so we’ve asked them to do their best.
NTL said:"Send concentrate samples to a number of New Zealand-based refiners in the first instance to assess the best path to market."
Translate: Despite claiming to have done the math (to get you to give us money) we don’t actually know what’s coming out, whats its worth, or who we’re selling it to—nor whether it’s even economically viable.
NTL said: "Limiting underground activity'.
Translate: We’ve been tinkering with the meccano set, not mining—so we have no real idea of what we’ll be processing.
NTL said: Available cash at hand: $17,328 + $623,067 = $640,395 (excluding the $175K government bond).
Translate: Despite having proclaimed earlier in capital raisings we had enough to get us to production, had we not done the emergency raising of $570k during the quarter, we would be out of cash. But don't worry if you missed out we will be mining shareholders for more cash next quarter.
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