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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Bullboard Posts
Comment by Kewl002on Feb 26, 2018 11:31pm
172 Views
Post# 27625771

RE:Flow Dome Zone (aka porphyry)

RE:Flow Dome Zone (aka porphyry)Perhaps an answer to your question is mgmt attempting to keep retail investors informed while not providing enough information for a hostile takeover bid to emerge at the current depressed share price..

RQ "seems" to want to build/operate this mine versus turn it over to a major -- he has a reputation for personal integrity and perhaps this is to be his legacy project. If so he won't want it stolen before he gets a chance to complete it. 

What would the effect be of PR's confriming higher Au grades surrounding a porphyry once we are operating steady state at the original or higher g/ton while kicking out cash flow at $1400/oz while stock price is already at +$30 share? 

We aren't that far from $1,400/oz already and the payback period at that level was only ~27 months -- and that was before the requested increase in mill rate (shorten the payback period).
Bullboard Posts