Been doing a bit of research... The new feasibility report will...

Been doing a bit of research... The new feasibility report will be essential to valuing this company... I will base my decisions on how much gold and silver they can reasonably expect to deliver from the bulk sampling project which I understand could run for 5 years

Back of envelope

Consented tons to be removed
What they actually plan to remove
Gold and silver grades
Current spot prices

Cost of extraction
Cost of ventilation lock and other capital works still required

I will ignore Rahu, mystery vien etc until fully consented for extraction

Say NTL say they will have profit of 15,000,000 NZD per annum from bulk sampling I will be very interested in what they plan to do with those earnings... I believe they should push to accelerate Talisman but not plow money into Rahu until they create some shareholder returns... Hopefully NCM will bear the costs of Rahu if they even let NTL partake...

(15 million is just an example DYOR)

Robbo if any assumptions above incorrect please let me know!!!