NIU
cash flow positive gold producer capped at under $4m???
not quite sure why this was left out of HC gainers scans and this amazing quarterly not added to HC announcements section
Quarterly yesterday showed that NIU is cash flow positive for the quarter, eliminating the need for a capital raise and not only that, it showed that June had record production of $469k , which seemed to be after they installed the new jaw crusher, increasing ore production from 5.9 tonne in may to 13 tonne in June - they plan to increase this even further.
Annualised June's production would imply $5.6m in revenue for a company valued at $4m
Break even is 76 Ounces, suggesting that Niuminco is now well and truly in profit...
Spoke to a friend who worked at a gold mine, he said that 12.9g per processed tonne of ore is a very high %
This one seems to be overlooked by the market, but I guess its really yesterdays quarterly that marked a big turnaround point for the company.
DYOR, have a lot on so have not double confirmed everything I've written...
