Timeframe to Production

Some random thoughts

1. Production

Is anyone wanting to go on record as a prediction to first gold pour???

- Extended capital raise ended at 17th August 2016
- NTL promoted that they would be up and running within 6 months

I would have hoped the red tape traffic plan would have been signed off by now and we would be getting monthly progress announcements... A lot to get done which adds to risk of delay (Health and Safety, HR, Roading, Equipment purchase and install, Inspections etc)... Some of these tasks will be sequential in nature but I really hope they outsource the key functions and get there quicker rather than Matt HILL battling away with limited staff and pushing back the date..

2. Catalyst for Share Price Movements

Upwards:

We generate a nice big gold bar or some sales contracts
Or
AMER takes a cornerstone stake..
Or
They drill Rahu before we can complete this mission and hit paydirt


Downwards:

Company management pushes back the 6 month time-frame
Or
Collapse in Gold price
Or
NZ Political and Legal Risk

If we push out production we may see a few jump ship... The company has been given the capital to get the job done so another delay would not look good... However NTL holders have amazing patience, loyalty and commitment as shown in the capital raise..

Conclusion

To sum up... I am not looking for or expecting any short term gains although I'd like to be surprised... I would prefer to collect a 100% return dividend or a few ounces of subsidised gold annually!!

I believe there may be a slight delay (not unusual in any development) which may present a buying opportunity if you have the courage and belief in management to deliver