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2.0¢ niuminco group limited

kickit2me I don,t know if you have viewed the niu videos...

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FixItDad

438 Posts.

49

07/08/17

23:16

Post #: 26350050
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Originally posted by kickit2me ↑

I can't see how the float will be a goer.

Why would anyone, including Pattos clients, pay 20c/share totalling $5.5m to buy into the float of a tin explorer that holds tenements that were valued at best at $4m in the recent independent report and with debt of nearly $1m?

As a comparison:

1% of TIN (this float) costs $60K

1% of SRZ (another tin miner with far greater prospects) costs at current SP $61K

1% of ANW (a producing tin miner) costs at current SP $117K.

As you can see, buying into TIN doesn't seem to offer the value that spending your $ elsewhere could bring. Certainly I haven't bothered to spend a cent on it. I'm wondering why anyone else would either.

So @The Mole seems to have a good question to me.

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kickit2me I don,t know if you have viewed the niu videos interviews in two parts still findable on youtube

and see the tin asset values that have now been penciled away to suit an ends to a means for niu's current

plans!

FID

NIU Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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