I own a bit of a flea ridden gold stock : Stock Code : NIU which...

I own a bit of a flea ridden gold stock : Stock Code : NIU which may just be shaking off its fleas

Its got 2 bn shares on issue and only $50k bank...

Its located in Edie Creek....PNG and its the area that inspired PNG's major Goldrush..and arguably the worlds richest goldfield

Its a producer of gold/silver and some big fundamental changes have taken place over a short space.....and only a

$5.4m market cap​

Will be very unlucky not to be cash flow positive this qtr tapping Ingapoe vein...

Directors have filled there pockets full of shares @ .002 as part of there salary sacrifice, to the point where Ian and Tracey now own around ~500m shares/18% of the company between them​

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In the last 7 Months ......NIU has undertaken some significant plant upgrades to be in a position where we are consistently processing high tonnage, the word being consistent....something we have never done. ​

14 March, 2018​

Installation of the 440kVA Cummins generator and associated power distribution line​

8 May, 2018​

The new, larger vibrating feeder has now been installed, and that modification works to the feed hoppers have been completed.​

16 May, 2018​

Taken immediate delivery of a further two (2) second-hand Komatsu D85 bulldozers and one second-hand Komatsu HM400 40 tonne articulated tip-truck from Harmony Gold’s adjacent Hidden Valley mine. I believe these included all the spare parts they had as well as part of the agreement.​

2 July, 2018​

Completed the funding and acquisition of a new 6 tonne JCB excavator and a second-hand Kawasaki wheel-loader.​

Sept 2018 Qtrly​

Two Komatsu D85 bulldozers, Komatsu D65 bulldozer, new 6 tonne excavator and a second-hand Kawasaki wheel loader ​

now all operational, significantly increasing mining capacity and volumes and resulting in an increase in mining and processing efficiency​

The Company is planning on expanding its Edie Creek mining operations and capacity through the acquisition of a third large excavator, a 30t articulated tip truck, a fuel and services truck and another loader. These are currently the subject of negotiations.​

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14 September, 2018 ​

Niuminco announced bonanza grades of 83.3g/t gold from a newly discovered vein in the Ingopae area of Edie Creek, approximately 200metres south of the camp compound.​

20 September, 2018​

Niuminco announced that further bonanza grades of 93.8g/t gold (average) have continued from the sampling of the recently discovered vein in the Ingopae area of Edie Creek, approximately 200metres south of the camp compound​

Additionally, ​

another parallel vein has been discovered​

approximately 10metres to the south-east of this vein, and is currently being sampled, despite heavy rain interrupting sampling operations over the past two days.​

Waste material from immediately beside the vein was also run through the ball mill on 16 September (38 tonnes) and 17 September (50 tonnes) for testing purposes, producing ​

only​

5.9g and 7.9g gold respectively....Not bad for ONLY​

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Harmony Gold (NYSE:HMY)(JSE:HAR), South Africa’s third-largest producer of the precious metal, has become the sole owner of the Hidden Valley mine in Papua New Guinea after partner Australia’s Newcrest Mining (ASX:NCM) ​

agreed to sell its 50% stake​

in the joint venture.​

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