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2.0¢ niuminco group limited

Ann: Half Yearly Report and Accounts, page-5

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FixItDad

438 Posts.

49

17/03/18

02:30

Post #: 31823116
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Originally posted by FixItDad ↑

And here they are under promising :

The Directors have designed a plan to ensure that the production targets at Edie Creek can be achieved including making additional investments at the mine. The plan anticipates that positive cash flows from Edie Creek mine through gold and silver sales in the order of $250,000 to $300,000 per month will be achieved consistently. This approximates production at a rate of 5 to 6 ounces per day. This level of production is significantly higher than what has been consistently achieved to date. In order to achieve the production rate in the cash flow forecast, the plant needs to be running near capacity.

FID

Expand

Research of old anns
conveys periods from 22grams a tonne up to 1000grams with a much smaller operating production line.

DYOR though

FID

NIU Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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