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Taylor refreshes Niogold buy
Ticker Symbol: C:NOX



Taylor refreshes Niogold buy



Niogold Mining Corp (C:NOX) 
Shares Issued 101,068,874
Last Close 10/2/2012
$0.46
Wednesday October 03 2012 - In the News

Jay Taylor, in the Sept. 17, 2012, edition of Gold, Energy & Tech Stocks,
refreshes his buy of Niogold Mining Corp., recently 45 cents. Mr. Taylor first said
buy on Dec. 18, 2006, at 27 cents. He said take some profits -- perhaps sell half -
- on July 16, 2007, at 49 cents. Assuming a $1,000 investment at 27 cents,
selling half at 49 cents yielded a $392 profit. Mr. Taylor said buy five more times
from Aug. 15, 2007, to June 20, 2012, at prices ranging from 15 to 41 cents.
Assuming a $1,000 investment for each of the five new buys and taking into
account the $500 investment left after the half sale, the $5,500 position is now
worth a pleasing $10,541. Niogold owns the Marban property in Quebec's Abitibi
region, which contains 1.14 million ounces of gold, measured and indicated, and
another 263,000 ounces Au inferred. Mr. Taylor likes the stock because of the
Marban resource and Niogold's low cash burn rate. The company had a working
capital of $5.88-million on May 31, and it has an optionee for Marban, Aurizon
Mines, which must spend $20-million at the project. Aurizon must also pay
Niogold $30 for every M&I gold ounce and $20 for every inferred gold ounce, if
the price of gold exceeds $1,560.

© 2012 Canjex Publishing Ltd.




	
  

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NioGold - Jay Taylor Refreshes NioGold

  • 1. Taylor refreshes Niogold buy
Ticker Symbol: C:NOX Taylor refreshes Niogold buy Niogold Mining Corp (C:NOX) 
Shares Issued 101,068,874
Last Close 10/2/2012 $0.46
Wednesday October 03 2012 - In the News Jay Taylor, in the Sept. 17, 2012, edition of Gold, Energy & Tech Stocks, refreshes his buy of Niogold Mining Corp., recently 45 cents. Mr. Taylor first said buy on Dec. 18, 2006, at 27 cents. He said take some profits -- perhaps sell half - - on July 16, 2007, at 49 cents. Assuming a $1,000 investment at 27 cents, selling half at 49 cents yielded a $392 profit. Mr. Taylor said buy five more times from Aug. 15, 2007, to June 20, 2012, at prices ranging from 15 to 41 cents. Assuming a $1,000 investment for each of the five new buys and taking into account the $500 investment left after the half sale, the $5,500 position is now worth a pleasing $10,541. Niogold owns the Marban property in Quebec's Abitibi region, which contains 1.14 million ounces of gold, measured and indicated, and another 263,000 ounces Au inferred. Mr. Taylor likes the stock because of the Marban resource and Niogold's low cash burn rate. The company had a working capital of $5.88-million on May 31, and it has an optionee for Marban, Aurizon Mines, which must spend $20-million at the project. Aurizon must also pay Niogold $30 for every M&I gold ounce and $20 for every inferred gold ounce, if the price of gold exceeds $1,560. © 2012 Canjex Publishing Ltd.