NIU 0.00% 2.0¢ niuminco group limited

yeah harmony 2018 report had 5 years mine life left and...

  1. 100 Posts.
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    yeah harmony 2018 report had 5 years mine life left and financials dont seem to indicate it has been a big money spinner. Average grade around 1g/T.
    interestingly they crush in main pit then have a 3 or 4km conveyor from main pit to plant.

    draw a line to edie creek and its not that much further. So topography allowing would seem they could just throw a crusher in edie creek with machinery and build another conveyor and use existing plant. Not toooo much capital outlay to extend LOM.

    just wish we had a proven JORC reserve. First thing they'll want to do is drill shit out of edie creek, which theyd have to fund to find out what we've actually got. Fact they'd have to fund tbat and are in pre proven gold in place would mean they'll get more favourable terms than if we knew already.

    Still would be best outcome. makes sense.
 
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