$57.7m worth of gold

Direct mining costs in PNG amounted to $1,332,110 for the 2016 year.

At the moment, NIU is drilling to prove up 1000 oz, which is only one of four blocks.

That's immediately ~$1.5m profit at current prices.

Now lets see what happens when they prove up the rest, estimated to hold 35000 oz by Mincor.

35000 x $1650 = $57m.

So a potential ~$55m profit sitting the ground,
near our

*operating
*profitable
*upgraded
*cheap to run

mine.


All of this info is in the recent anns.