Excellent presentation by NIU management, kudos where they are...

Excellent presentation by NIU management, kudos where they are due big time - you would think some key statements within that presentation should arouse some interest from the market given how cheap NIU are

NIU
2.38b Shares on issue
$4.8m Market cap
$113k cash from recent small CR + $80k+ worth of listed stock in TIN + expected to be cashflow positive herein



Currently producing gold & silver
Since the company has
- updated the generator
- updated and expanded equipment
- new infrastructure

NIU can now run @ 40-60 tonne per shift, contrary to last quarter where the company only produced 90 tonnes for the entire quarter! AND STILL GENERATED $526,000 in sales

Mining and processing volumes have increased significantly and the company is now aiming @ more than 150 ounces of gold produced per month

'AT CURRENT GOLD PRICES, OPERATING BREAK EVEN PRODUCTION AT EDIE CREEK IS APPROXIMATELY 80 OUNCES of gold per month'

That is a significant buffer between break even versus what they aim to be producing, especially considering other costs such as Admin are obsolete given the salary sacrifice for shares instead.

Looks well undervalued here @ <$5m market cap for a gold producer expecting positive cashflow from recent upgrades

ALL IMO