<$22k debt attributed to its subsidiary will be settled tomorrow
company has thus far raised $243,000 from the rights issue (not including the directors own input / underwriters taking the rest)
quite simple really
start exploring those untouched tenements we own and know are full of gold + start extracting some of the higher grade pay dirt we should be close to now @ Edie Creek
Neighbours are worth squillions and are definitely interested in our land
Use $$ from current rights issue to start drilling campaign @ May River, use the $$ generated from the pay dirt thereafter to fund the continued drilling AND continue to negotiate and conversate with neighbours regarding a possible JV with any tenements held
There are bigger wigs than us that know what is in the PNG ground and believe you me they are watching closely right now seeing how this is all playing out, good luck to current management (!!!!) and all holders
NIU Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held