Reflection on Cantung Sometimes when you get caught up in disappointing earnings and alternate investment options, you forget why you were keen a certain prospect. Took the time recently to go over NTC's website and check their Cantung data. Telemarkers "changing the equation" observation below had got me thinking.
Remarkable for me was that Cantung's listed 43-01 still has resource estimates of almost 4million tons of defined resources (indicated thru probable) grading on average above 1%. With recent historical production depletion of about 100 thousand tons per quarter we're still looking at almost 10 years of production from this site. Then we have the amber zone, which is not included in the 43-01 estimates, including the following:
NTC Cantung Amber Zone Drill results
Significant results, from the seven holes, include 26.4ft averaging 3.02 % WO3 (hole U1983)
and 34.0ft averaging 1.29 % WO3 (U1981). Higher grade intercepts
included 18.4ft averaging 4.09 %WO3 (hole U1981), 13.0ft averaging 2.60 % WO3 (hole U1983),
and 9.9ft averaging 2.50% (hole U1984)
When I first looked at NTC I was impressed with their prospects. APT was less than $400 and production was suspended and the Amber zone was not even in the picture. Thier situation is significantly better now.
While I'm still disappointed with the current SP and the most recent financial bottom line, there's no denying the prospects for this company... I guess I just need more patience...and confidence that the management and production teams can continue to produce.