Australia's largest stock trading and investment forum Australia's #1 stock forum

NTL new talisman gold mines limited

0.00%

1.6¢

Reasons for capital raising to Fund Project Development, page-6

First 6 Last

Share
Profile

Follow
robbo24

11,339 Posts.

1885

28/08/17

20:54

Post #: 26818515
Share
Originally posted by Graphite101 ↑

Guys - plenty of reasons below why we should secure more funding to support project developments

The funds raised from the SPP will be used (depending on the amount raised): • To accelerate developments into the high-grade resources; and increase production levels to the maximum allowable under the resource consent being 20,000 cubic metres per

To investigate and develop multiple sampling operations on the Talisman permit area

To investigate and seek to install a pilot plant for underground concentration of ore which will reduce tonnage by 80% while increasing grade by a factor of approximately 4 times in concentrate form ]

To gain access into level 9 and 10 and commence further extraction operations at deeps levels of the mine recently announced

To accelerate completion of a bankable feasibility study

To finalise toll treatment either in NZ or export of concentrate offshore

Expand exploration programs aimed at building a +1m ounce minerals inventory

To explore and implement initiatives to expedite activity, and potentially a greater interest in Rahu and other targeted areas such as Taukani Hill (where previous bonanza samples at surface were taken) and Dominion knoll which is highly prospective.

To fund alternatives that may allow full mining at Talisman including alternate access to the orebody

Why is New Talisman issuing more Shares? The company intends to apply the funds:

To accelerate developments into the high grade Dubbo zone which recently was upgraded 312,800oz gold equivalent at 21.98g/t; and increase production levels to the maximum allowable under the resource consent being 20,000 cubic metres per annum

To investigate and develop multiple sampling operations on the Talisman permit area

To install a pilot plant for underground concentration of ore which will reduce tonnage by 80% while increasing grade by a factor of approximately 4 times in concentrate form

To gain access into level 9 and 10 and commence further extraction operations at deeps levels of the mine recently announced

To accelerate completion of a bankable feasibility study

To finalise toll treatment either in NZ or export of concentrate offshore

Expand exploration programs aimed at building a +1m ounce minerals inventory

To explore and implement initiatives to expedite activity, and potentially a greater interest in Rahu and other targeted areas such as Taukani Hill (where previous bonanza samples at surface were taken) and Dominion knoll which is highly prospective for gold.

To fund alternatives that may allow full mining at Talisman including alternate access to the orebody. The above is in addition to those items already funded to complete the bulk sampling project plan to drive and accelerate the company into full mining and higher production levels and ultimately earnings.

These activities currently fully funded include:-

Completion of 24 months of bulk sampling which produces positive cashflows

Extracting from the mystery and higher levels of Dubbo vein • Completion of a prefeasibility study on the mine

Upgrading all resources to JORC 2012 by 2018

Installation of underground mining robots which are used specifically for narrow vein applications

Purchase of all equipment necessary for bulk sampling

Vermin eradication and disease prevention policies in conjunction with the regulatory bodies and the local community

Expand

I think the vocal gang of Jonny Come Latelies seem a bit green to how this works.

NTL already said bulk sampling is funded.

NTL said it was exploring options to fast track its Deeps and other projects.

The only people who really seen to be coming up with whacky threads about the company not picking up their [whining] phone calls seem to be those who don't have a view as to the long term investment, or those who whimsically threw money at something without assessing the possibility that the company may increase the scope of its plans.

I really enjoy proper bearish analysis, but the wooden spoon banging a pot Hotcopper style chorus of whining and complaining is just deafening tonight.
NTL Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

PIQ

Proteomics notches up as company launches PromarkerD into the US

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.