OTCPK:NOXOF - Post by User
Comment by
MrMonkon Jan 31, 2013 11:25am
150 Views
Post# 20917556
RE: RE: RE: RE: RE: News Release: NioGold Announce
RE: RE: RE: RE: RE: News Release: NioGold Announce Reply from IR: The rationale is that in case ARZ does not continue, then we are on the hook for $1.6M of drilling we just announced. We were offered a BIG premium for the flow-thru so it made sense. If ARZ comes back in then we will have to scramble for a lot of drilling but that will be good too. This way we top-up the till and are not at the mercy of ARZ.