NIU 0.00% 2.0¢ niuminco group limited

Plan should be to use the funds to drill up a proven resource so...

  1. 100 Posts.
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    Plan should be to use the funds to drill up a proven resource so we have a value for the corporate transaction.

    I understand that they need the machinery to dig low grade overburden to get to higher grade ore to make the little mining thing profitable but ffs thsts been years of pouring money into that.

    any trsnsaction is going to be valued on how much gold we have and what a full size mining operation could do with that. Losing money with tonka trucks is a distraction.

    i previously said they needed to concentrate on getting cash flow positive but im no longer they can do that consistently at this scale with this setup
    Last edited by jimmydubs: 04/08/19
 
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