NIU 0.00% 2.0¢ niuminco group limited

Where Elephants Roam.....Gold,Silver,Tin, page-72

  1. 438 Posts.
    lightbulb Created with Sketch. 49
    SO: "good research" @pittyh
    60 Tonnes per day output when the equipment is going (April)
    At an average of 9.3 grams a tonne (as per previous results)
    say 5 days a week x 4 weeks = 20 mining days a month (probably 24)
    20 days x 60 tonnes = 1200 tonnes per month x 9.3 grams = 11,160 grams a month
    11,160 grams x $51 AUD per gram = $569,160 a month

    This may just be enough to start a third hole and run the upgrade full bore!
    though we may need a digger or two extra are stuff it throw in a second larger plant to

    On the enterprise side!

    @  Tracey Lake
    just finance more equipment and get this third mine lode rollin!


    FID
    Last edited by FixItDad: 20/03/17
 
watchlist Created with Sketch. Add NIU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.