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Tasmanian Projects:
Focus to remain on Niuminco’s 72.5% owned TNT Mines Limited’s advanced exploration assets that represent potential near-term development projects:
Drilling has commenced at Aberfoyle/Lutwyche/Kookaburra deposits
with an initial 7 hole, 1090m program aimed at achieving
a further JORC Inferred Mineral Resource for this tenement. 2 to 3 months for this 7 hole program
P.S. Have any one done any number crunches with our
av production rates from fy 2016 for our SP,
Then not to forget our recent reported down time recently of 9 weeks etc along with many others to,
next fy 2017 is gunna be all over the place from our upgrade to 13 to 15 tpd to past anns reporting 50 to 60 tpd upgrade which is now being down played to 40 tpd.
Plus throw in the reported drill looses, it could potentially be double the gpt..............................
This will be a cracker re-rate
and
I am not using tassie tin or May river plus bolobip in any considerations
8 times .006
What Say You my fellow NIUers?
FID
NIU Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
