NIU 0.00% 2.0¢ niuminco group limited

Ann: Quarterly Activities Report, page-28

  1. 13,591 Posts.
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    I can't see how the float will be a goer.

    Why would anyone, including Pattos clients, pay 20c/share totalling $5.5m to buy into the float of a tin explorer that holds tenements that were valued at best at $4m in the recent independent report and with debt of nearly $1m?

    As a comparison:

    1% of TIN (this float) costs $60K

    1% of SRZ (another tin miner with far greater prospects) costs at current SP $61K

    1% of ANW (a producing tin miner) costs at current SP $117K.

    As you can see, buying into TIN doesn't seem to offer the value that spending your $ elsewhere could bring. Certainly I haven't bothered to spend a cent on it. I'm wondering why anyone else would either.

    So @The Mole seems to have a good question to me.
 
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