Hot Potatoes...when played with enough, sooner or later explode....I am really pleased to see the sly accumulation here in preparation....for every frustrated seller there is a patient buyer
Welcome to the new patient loaders I see lurking about
We have easy a bag here from the current m/cap just on assets alone and this was done when tin and gold price much lower. Since the valuation several tin deposits have been JORC'D substantially increasing the value of the asset
When it comes together it'll be explosive.....some choose to get in early and wait....others get in on the trigger and pay a premium as a trade and still have a good win.....and the herd buys our stock bags higher than current levels when it becomes popular
Tin is currently taking a breather ready for it's next leg north and that will be one of the triggers (inverted head and shoulders on the monthly)......I hope they sell the asset once they prove up the high grade Lutwyche deposit.....waiting news there
That Surmans high grade vein development upgrade should be done by now, along with new equipment upgrades.....pay to play now on the cheap?....or a hefty premium on confirmation?
Have you seen whats going on at HIG...........takeover attempt
Niuminco’s May River Project adjoins the Freida River porphyry deposit, owned by PanAust and Highlands Pacific Limited (ASX:HIG), which has delineated +18Moz AuEq
Discovered in 1926, with bonanza grades worked in alluvials leading to gold rush (both on ground and Australian Stock Exchange activity). Minor underground mining ceased in 1942 (WWII), with only small scale alluvial and primary vein mining since 1945.
NIU Price at posting:
0.5¢ Sentiment: None Disclosure: Held
