Gold/Silver producing.....cheap cheap, page-243

Hi,

I'm not seeing a gap at 0.3 but can't discount whether the stock will trade at that price. There has been heaps if stock redistributed over the past 2-3 weeks but the weekly volume is declining which tells me the selling is slowing.

By my guess-timate, Niu will req $510k or 300oz @1700/oz production to cover costs this Q (see last Q report). If they produce 500oz then Niu should profit ~$340k (500-300 × $1700) and increase their cash balance to >$490k. That should be enough to start drilling in Bolohip and May River and hopefully re-rate this up to 2c.

JMHO and happy to accumulate.