NIU
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0.00% 2.0¢ niuminco group limited

mikejh   re 10 g/ton .If you go back to the quarterly cash flow,...

  1. axegun
    707 Posts.
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    18/02/19
    10:55
    Post #: 37468478
    mikejh   re 10 g/ton .If you go back to the quarterly cash flow, the gold sales were $100,000 and running costs were roughly $500,000. This mine needs to be safely covering costs in an unpredictable tropical climate by upping g/ton over 5 times. 10g/ton is needed. A lot of gold mines wouldn't mine at 1.7 g/ton. . 
    NIU Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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