"Kainantu Resources are a big deal and I'd expect this transaction to close. They already produce 120,000 ounces a year out of PNG and their acquisition of NIU's Iku Hill (May River) tenement fits their strategy. In reality they're just bundling up the NIU tenement with Hard Rock. Here's the release.. Kainantu Resources Ltd. - News Releases."
Kainantu (KRL) are not a big deal, they produce nothing and are a very early explorer next to KNT (K92 Minerals).
NIU Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
