OTCPK:NOXOF - Post by User
Comment by
duchebaggieon Jan 30, 2013 11:02pm
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Post# 20915405
RE: RE: RE: News Release: NioGold Announces $4,000
RE: RE: RE: News Release: NioGold Announces $4,000 Sorry to be posting again, but I just looked at their sedar documents, and found that they filed an interim statement for the periode ending november 30th.
2 months ago, they had just over 4M$ in cash. Compared to august 31st, it's quite good because they just burned 300 000$ in 3 months leading to november.
Now they're raising 4M$. Total: 8M$. I think it's a fair assessment to say they would have enough cash to go all the way through phase 3 drilling and another resource estimate. A PEA? Depends on the amount of drilling.