Two months with loss of power, rain, repairs, development of the high grade ore system. We seem to have copped every bit of bad luck this quarter. It's a shame.
But still, it's a shame that raked in $270k, in the worst of conditions.
One thing that has annoyed me, is that they have mentioned buying this new equipment since the last quarterly. At first, it was $40k. FOR GOD'S SAKE, ORDER THE THING AND PUT IT IN!!! This isn't supposed to be one of those long term Dad projects'!!!
I would like to point out though, the drilling at Bolobip.
Now considering that this is in proximity to OK Tedi, which was described as 'a copper mountain with a gold cap', i'm pretty keen for them to get the drills in. I just hope that they show more respect to the environment than BHP have in the past.
NIU Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held