Yes Queitly---->>>
If you worked on our record quarterly of around $529k sales and daily production of 13 tonnes per day
achieving 22 grams per tonnes average and cut this down to 11 grams per tonne
And now our production is moving to 3X to potentially 5X with the upgrade.
Then lets say we use only 3 and times it by 13 tonnes =39 x 11 gm =429 grams divided by 31.1 = 13.79 ozs a day
Is this not Enough?
You also need to take into consideration that our record production was mostly all done in the one month of June only!
That right ONLY 30 Days!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Plus you have not considered their strategy / plan for production of 11 hours per day when operations move to full production after further modifications eg pumps to complete the upgrade!
FID
NIU Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held