NIU 0.00% 2.0¢ niuminco group limited

@jas626, no, the company is not going to go bust. They are close...

  1. 3,972 Posts.
    lightbulb Created with Sketch. 373
    @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.
 
watchlist Created with Sketch. Add NIU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.