I am of the opinion they are giving significantly ‘lower than expected’ numbers in the hopes of both over-achieving on what they’ve set out + taking a cautious approach if anything ‘arises’ out of the blue ie machinery faults etc
I am looking forward to the next 2 1/2 months worth of newsflow coming into the next quarterly. Although the big quarterlies IMO which will see this baby move will be 3Q + 4Q, we should obviously see some improved numbers in the upcoming quarterly given advancements
1-2g as you say is laughable - when we consider that we are dealing with (realistically) 3-5g/t (based on the Ann that stated 3.8g/t) the projections are much much higher and toward the 250-300g figure
NIU Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held