Right now the cap on NOX is less than 1.5 times the money in the bank. With the property values and capital equip, Niogold is trading on par with equity not including a single cent for the gold in the ground.

My feeling is we'll be sitting on a 43-101 compliant resource estimate of 700,000 ounces or more by september, double from the current published amount. Show me a more undervalued play out there. This is not some far flung place in a scary corner of the world. This is the Abitibi belt... Quebec. Canada.

At the current share price, this company would be scooped up in about 2 seconds by any one of a number of NOX neighboors. It's crazy.