Northern Superior Resources Inc V.SUP

Alternate Symbol(s): NSUPF

Metals & Mining Gold

Northern Superior Resources Inc. is a Canada-based gold exploration company focused on the Chibougamau Camp in Quebec, Canada. The Company has consolidated the land package in the region, with total land holdings exceeding 62,000 hectares (ha). The main properties include Philibert, Lac Surprise, Chevrier and Croteau. It also owns 72% of ONGold Resources Ltd., which is advancing exploration assets in Northern Ontario, including the district scale TPK Project. The Philibert Project is located 9 kilometers (km) from IAMGOLD Corporation’s Nelligan Gold project. It holds a majority stake of 75% in the Philibert Project, with the remaining 25% owned by Mines Royales and Soquem Inc., and retains an option to acquire the full 100% ownership of the project. Chevrier hosts an inferred mineral resource of 652,000 ounces Au and an indicated mineral resource of 260,000 ounces Au. Croteau hosts an inferred mineral resource of 640,000 ounces Au. Lac Surprise hosts the Falcon Zone Discovery.

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Northern Superior Resources Inc

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Post by Woodporteron Dec 05, 2019 5:26pm

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Post# 30426771

How much cash do they have?

They were counting on the annual payment from Yamana to give them cash flow to fund the office and salaries. Now that it is no longer forthcoming, how much cash do they have to keep the lights and heat on? Winters can be cold in Sudbury, afterall.

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