OTCPK:NOXOF - Post by User
Post by
MrMonkon Jan 20, 2015 9:45pm
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Post# 23342123
Further update from Investor Relations
Further update from Investor RelationsReceived this today from IR:
The new directors/President are well known and that is helping bring in new buyers. The drill results are very good and open up some new resources in the pit shell in areas that were previously classified as waste rock, so that improves the economics of the Marban deposit. Our plan is to complete 40,000 meters on the Marban and update the 43-101 by year-end with the goal to up-grade the resources to reserve status. This will make Marban ready for a production decision early next year. If that happens we will see a revaluation of the stock by funds. We have been meeting lots of people who made money on Osisko that like our new directors and understand the plan to either produce or sell the ore to the Canadian Malartic mill – thus saving $500,000,000 in construction and making NioGold cash flow positive very quickly. We are dealing with a whole new group of investors now. Gold stronger is helping too.
Things are looking up, and we may never see these prices again!
- MM