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Lithium Energy Products Inc is a natural resource mining company. It is engaged in the business of acquiring and exploring lithium properties in Nevada and Arizona. The company holds an interest in properties such as properties include El Sol property, Griffith Mine property, Karas property, Willcox Playa, Whitemud property, Vanadium Ridge property, Papagonga property, and Jackpot Lake property... see more

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GREY:NHRIF - Post Discussion

Ares Strategic Mining Inc - Ordinary Shares > Strong fundamentals for NFE

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Post by SuperMoney on Oct 26, 2015 3:22pm

Strong fundamentals for NFE

JR, Do you any good updates for NFE? It has been so quiet here.

At the end of June 2015, NFE has $888K current asset (cash) and no any debts/liabilities. Total assets are $11 million, which are huge valuable properties for NFE. The cash burn rate is just about $200 per quarter. So NFE has enough money before finding a JV and/or financer. Any good news from JV and /or China could make the SP spike. Cheers.

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Comment by JR12 on Oct 26, 2015 4:31pm

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Comment by SuperMoney on Oct 26, 2015 8:56pm

JR, thanks for your comments and new information from the company. I would like to post the follow facts regarding to NFE's strong fundamentals to refresh everybody's understanding for NFE: Northern Iron is an owner of five iron (magnetite) properties in the Red Lake District in the Province of Ontario. The Red Lake District is an established mining area in Ontario where Northern Iron ...more

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Comment by SuperMoney on Oct 29, 2015 8:37am

(Hi JR, the following release shows very strong fundamenals for NFE. Why people sellng at just a penny? No brainer. Do you have any comments please. Thanks.) "We aim to find a US steel mill interested in securing [DRI] supply," corporate development vp Michael Hepworth told Steel First. The company intends to develop a 1.5 million-tpy DRI operation in Canada, but a detailed ...more

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Comment by JR12 on Oct 29, 2015 2:57pm

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Comment by John2013 on Oct 29, 2015 3:43pm

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Comment by SuperMoney on Oct 29, 2015 3:50pm

JR, it seems John bought the shares at a penny and now wants to see higher SP without scaring people here. Good luck to all.

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Comment by SuperMoney on Oct 29, 2015 4:19pm

Hi JR, very much appreciate your comments. As always, I am confident that you are right because you are senior member in this board and you know very well about this company. Hopefully, as you said, smart people are patient and will soon be rewarded by higher share price. Your comments are always positive and important in this bullboard. I like them, especially in this difficult marketing period.

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Ares Strategic Mining Inc - Ordinary Shares