The capital raising means NTL has (our) back up against a...

The capital raising means NTL has (our) back up against a wall.

If NTL could transport 500ton of ore to be processed and profit from it. It would do that. But it cant. So it doesnt. And it remains a pile of dirt.

What is actually required? Closer to a $15million loan, for entire plant, this is factored into the PFS and the NPV. The 1.5mil is for mgmt to drag this company a bit further along into the very early stages of "sampling".


The chances this raise will make NTL cashflow self sufficient from 1.5mil seems low. In fact it seems ridiculous and more like begging for crumbs than a plan. If it were possible for them to turn mined dirt into saleable product. Itd have been done by now.


That being said. Ill still participate and stock up on the share raising because its cheap and its derisking more and more every month.