The informed investors know:
#the current management (since 2/7/2007) is gold plate;
#no exploration (drilling) has taken place on these leases for many weeks;
#no drilling will commence for another 3 or so weeks when 4 - 5 new rigs commence a new drilling program;
#all projects proposed have been pulled untill more detail is known on the resource and that wont be until drilling recommences;
#the boom has gone from the stock but its strong future growth has not and when drilling recommences the SP will grow quickly;
#considerable resource, mining ceased because it was not viable at $2/lb nickel price in 1990, exists within the tenements.
Read the last quarterly. It is an outstanding professional presentation compared to previous reporting.
The buyer is clever, he knows whats happening on the mining tenements and he is setting himself to make another killing. PS the options are remarkably cheap at this time should be trading 40+ cents with so much time till expiration.
NIA
niagara mining limited
