OTCPK:NOXOF - Post by User
Post by
alixx11on Aug 28, 2013 4:49pm
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Post# 21704490
Financials...
Financials...Someone recently posted how NOX has
$ 5 million, but it's unclear whether that's true... A recent article claims that :
NioGold is well setup to continue the project development on its own with $3,785,340 as of last financials.
https://www.visualcapitalist.com/weekly-trends-august-24-2013
As part of today's news release, Iverson stated that :
We look forward to continuing development of the Marban Block Property, targeting the Marban, Norlartic and Kierens deposits, testing new prospective targets, and advancing the economic studies
I question the logic of agressive spending in today's market, and especially if we only have around $ 4 million to sustain ourselves. I believe we should limit spending substantially, which would give us time to bring in another player (like the original deal with ARZ, although we're unlikely to get anything that sweet again).