OTCPK:NOXOF - Post by User
Comment by
MrMonkon Dec 08, 2015 11:01am
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Post# 24364933
RE:Final results for Marban are out
RE:Final results for Marban are outFrom Niogold IR:
The drilling has gone very well, the deposit has been mostly de-risked. The new 43-101 will likely be almost all indicated resources, meaning the next step will be evaluating economic viability (on the path to production), with an operating mine only 18 km away and easily accessible by road, our grade and hardness of rock as much as 50% better than the ore being crushed there, it all looks great for a producing mine in the near-term. When gold turns back up, we should be much higher.
Gold prices will turn up. It moves in cycles - booms, busts, booms, busts, booms, etc. The cycle repeats predictably - has for many, many years. Supply is shrinking while demand is robust. China will continue buying. India will continue buying. Once investor sentiment tips over, we will see gold soar again. It's just a matter of when, and it could come sooner than you think.
-- MM