Raising of nearly $600k in the qtr - only $2k left in the bank at the end of qtr ($2l last qtr, and before)
Bucket loads of up talking in the quarterly activities report - expect nothing less really from the super salesman Dick Tracey - only problem that I see - all that inbound money and still only $2k in the bank at the end of the quarter - does anyone know how much a helicopter lift is going to cost to get the drill rig and components to the site, would be more than $2k.
The "new" vein - looks to me as if it is on the surface, have people been walking around with blindfolds on?? Very steep looking - very difficult to extract, especially with the toys Dick Tracey has in his sandpit - access costs will not be cheap - need money to actually get at the great opportunities at Edie Creek, need money to move drill gear (almost waiting 12 months for helicopter now [DYOR on previous reports!!]) to explore high potential site, need big $ to develop May River and/or Bolobip just ask Harmony, Ok Tedi Mining, and PanAust and others who are trying to justify the costs (and raise the cost)!
Let's go mining!!!!!
NIU Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
