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NTL new talisman gold mines limited

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Thanks bizzo Hopefully the grades and bulk sampling consent...

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robbo24

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01/08/17

12:50

Post #: 26214333
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Originally posted by bizzo ↑

Yes it may have changed .I am not sure they will take all the ore life of mine .
They may take your bulk samples .When we talked to them our tonnage was to small .
If and when the mine starts up it would be very interesting to see the all in costs per oz.
With the high grade they have a few options when it comes to mining the drives and stopes.
If they go hand held they will keep the high grades and have lower tonnes .
If they go with machines jumbos and long holes rigs you will have more tonnes and quicker tonnes .
This will lead to a certain amount of dilution and more tonnes on the local roads which will fire up the greenies.
I would guess you would have to get at least 300 to 500 tonnes ever 24 hours out of the mine if they kept the high grade 15 grams plus.
Costs are very high when you start mining

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Thanks bizzo

Hopefully the grades and bulk sampling consent allows the company to make sensible strategic decisions to maximise cash flow.

NTL Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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Thanks bizzo Hopefully the grades and bulk sampling consent...

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