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New Island Resources Inc NIREF

Metals & Mining Industrial Metals & Minerals


GREY:NIREF - Post by User

New Island Resources Inc > Does Anyone Know
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Comment by LeDuke1on Aug 27, 2011 6:06am
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Post# 18985633

RE: Does Anyone Know

RE: Does Anyone KnowOne thing for sure is that they are not in the red.  Even though there are not cash rich, they do have a few hundred thousand in cash.  Also, they own about 1,000,000 shares of Mountain Lake Resources...trading in the 60 cents range.  Last week,  Mountain Lake and its partner Maraton discovered a grap sample of 113 g/t of gold.  NIS.a also own over 10,000,000 shares of Prominex...now trading around 4 cents.   NIS.a share price is definely worth more than 1 cents....maybe around 5 cents or more.  I am hoping that Harold puts out an announcement soon.

Headline

MARATHON DISCOVERS NEW GOLD BEARING QUARTZ VEINS WITH GRAB SAMPLES ASSAYING UP TO 113.3 G/T AU

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Dealroom for high-potential pre-IPO opportunities