It will need more drilling.. funds.. time.. and with 17% they have no control or say in anything.
I'm not sure what other assets mcr still have in png.. and relative to it's size.. it's virtually irrelevant.
It does however mean something to NIU.. and now seemed an opportunistic time for NIU to ask.. and so they got a 'yes' answer.. along with favourable (delayed) payment terms.
mcr have clearly focused their attention elsewhere.. nothing wrong at all with TL seemingly doing a good (cheap) deal.
That's one duck lined up...
NIU Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held