NIU 0.00% 2.0¢ niuminco group limited

Ann: NIU Acquires 90% Interest in Three FNQ Mining Leases, page-27

  1. 948 Posts.
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    The tenements are 1km2, i.e. 1000m x 1000m!
    You couldn't even build the mine (if there is gold there), the ROM area, settlement ponds and all the infrastructure, etc.
    Hope there is a gold processing plant within 15km, otherwise uneconomic.
    Nearby is Mungana which went broke, so good was the mining - NOT.
    But maybe we might strike gold. Probably better off buying a lottery ticket.
    How much gold is being produced in PNG at the moment? No news on that front. And if gold found, hope all getting to the processing plant.
    Last edited by The Mole: 01/10/20
 
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