NIU 0.00% 2.0¢ niuminco group limited

Ann: Half Yearly Report and Accounts, page-6

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    lightbulb Created with Sketch. 49
    Or get set for the break downs and delay news!
    This approximates production at a rate of 5 to 6 ounces per day.
    This above statement by directors takes us back & "below" our record breaking production days of around 13 tonnes per day that the D!cks decommissioned for over 18 months for the upgrade.

    Why such a big down ramp?
    Preparing you for failure?

    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
    Last edited by FixItDad: 17/03/18
 
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