NIU 0.00% 2.0¢ niuminco group limited

Regardless, if its a SPP or a Private Placement TL will get...

  1. 4,750 Posts.
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    Regardless, if its a SPP or a Private Placement TL will get diluted. It is inevitable and it will be soon as wages must be paid, the new rigs need to be paid for, the "stuck in the mud" rig needs a rebuild, and the processing line needs tweaking. As we are now in production (defined as ramp up), the cash burn is on. The fuel cost will be huge.

    At $4.7M MC it does not matter for newbies, but it would pain old timers. The good news is plenty is available for purchase at around the 0.002 to 0.003, which IMO would be the placement price (0.002) based on last time.

    Cash flow in will be slow as we should only expect 1.5 gpt until they have the rigs in operation to find the better ore.

    I hope we can update soon to say the equipment has arrived. Only then can we find the right material to put through the plant and not just the low grade.
 
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