Gold back above $1600 australian. I foresee a bullish trend continuing. I think the market has been rather naive with the so called trump rally. They have no idea what they are in for.
If we look at the latest PNG Conference presentation we will see that ore is currently being processed at 15 tonnes per day. We all know 40 tonnes per day is the shining star which shouldn't be too far away now. Point is if the grades are anything like they were previously we should see a nice return on that. And plenty of upside for the market cap once 40 tonnes a day is announced.
As mentioned before: let alone the other projects!
NIU Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
