Hi Seeker, You have changed tact. You are now referring to the...

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robbo24

11,339 Posts.

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07/09/17

14:17

Post #: 27063477
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Originally posted by TheSeeker ↑

Hi robbo24, the current plans that NTL have for their water management have been very well publicised. Two slightly different slants on it in these stories below. Note requirement to wash mining dust down off walls, and the closed system that recirculates water within the mine to holding tanks, where it is monitored, treated and reused.

http://www.stuff.co.nz/environment/67518753/groundwater-wont-suffer-from-mining-activity

http://www.radionz.co.nz/news/te-manu-korihi/269713/review-finds-mining-won't-pollute-rivers

I'm more concerned that during a capital raising NTL:

"identified a Exploration Target. Information available indicates that this area is likely to yield a vein width of between 1.6m and 2.4m with mean AuEq grades ranging between 17.10g/t and 21.6g/t, for between 300,000 and 600,000 contained ounces. This target constitutes a global Exploration Target as defined in the 2012 JORC Code."

"The Inferred resource referred to in this announcement is contained in the lower reaches of the zone below 14 Level where little or no mining has taken place as such mining coincided with the first world war where many of the miners sadly never returned."

HOWEVER THERE WAS NO MENTION OF ANY POSSIBLE PRESENT OR FUTURE WATER ISSUES.

Is that OK with you as a shareholder? It wasn't for me and I bailed and ran.

Bye to all NTL holders and good luck with that!

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Hi Seeker,

You have changed tact. You are now referring to the closed circuit system for the bulk sampling programme.

The closed water reticulation circuit for bulk sampling is completely different process to: (a) Water treatment tailings dam for treatment of ore; or, (b) Pumping river water back into the river to open up the lowest levels of the mine for ore extraction.

You're a trader, I get it, but if you're going to go to the trouble of stirring up fear please do it in a cogent and sensible manner.

NTL Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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Hi Seeker, You have changed tact. You are now referring to the...

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