Caution Caution Caution

Thanks for all your good work Robbo over the last few weeks,

But you must really provide a balanced view, and the big elephant in the room is what both yourself and the company are not clearly highlighting to prospective investors.

NTL have a resource consent (environmental permit) for feasibility study bulk sampling work only.

They DO NOT have long term resource consents to operate the mine beyond that

And, there is an election next year in New Zealand, and there is no guarantee of a returning centre left government, and there is very little chance of a resource consent if we see a red/green election outcome, as if the odds were not already low.

Given this rights issue announcement, the Chinese have cottoned on it would seem, and have run a mile.

That’s not to say that investors might not do well, but the risks are quite extreme really.

In Australia if you have a greenfield mining permit, you may say you are already rich, you just have to get the gold out of the ground.

In New Zealand if you have a greenfield mining permit, you may say you are broke getting broker unless perhaps maybe the authorities decide to make you rich, if they feel it’s in their political interest to do so

There’s better odds at the casino.
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