@jas626, no, the company is not going to go bust. They are close to being cash flow positive, about to release a JORC resource for numerous veins in the vicinity of their operating gold mine. They are very low spend and are drilling with their own rigs. They are also drilling tin deposits in Tasmania, through the majority owned TNT mines. Once the CR is done, they will have close to $1m cash and are increasing production of gold via upgrading the processing equipment.
Might have been an honest question, but didn't really have any factual basis so you can appreciate why some may have thought you were trying to be manipulative and possibly even cunning.
NIU Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held