NIU 0.00% 2.0¢ niuminco group limited

Some early morning calculator practice. "..sales of $270,229. In...

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    Some early morning calculator practice.

    "..sales of $270,229. In fact, 85% of production occurred in the first 7 weeks of the quarter"

    85% x $270,229 = $229,694 (at 14tpd in 7 weeks)

    multiplied by new equipment factor

    28 tpd = $459,388 (7 weeks) / $787,522 (12 weeks)
    42 tpd = $689,082 (7 weeks) / $1,181,283 (12 weeks)
    56 tpd = $918,776 (7 weeks) / $1,575,044 (12 weeks)

    Between $459k - $1.5m highly possible per quarter - as a conservative lower margin estimate.

    Then add
    -Tin JORC
    -Edie Creek JORC
    -Bolobip/May river decent deposit proved?
 
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