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NTL new talisman gold mines limited

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18 April 2013, summary of the old PFS. I expect higher grades to...

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robbo24

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28/08/17

20:56

Post #: 26818548
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Originally posted by jogo ↑

Hi Vitriol,
"They mention they are building a reserve of 1m+ ounces, which would not be mentioned if it wasn't realistic. $1000 per ounce profit we are looking at 1b profit."

I cannot recall seeing an AISC from the company. Indeed it is much too early for them to produce this and so I assume that you are pulling the profit figure out of the air? The 1m+ ounces is an aspirational figure that needs to be validated by a JORC assessment. Just be cautious of aspirational statements, whether they come from management or others.

Cheers.

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18 April 2013, summary of the old PFS. I expect higher grades to change the assumptions there a great deal.

NTL Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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18 April 2013, summary of the old PFS. I expect higher grades to...

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