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Re: dmbao post# 127421

Tuesday, 12/18/2012 12:54:16 PM

Tuesday, December 18, 2012 12:54:16 PM

Post# of 165875
the grab samples were not sent to China to test the quality of the deposit.. they're for metallurgical & process testing

China beginning helping with feasibility was part of the arrangment made for an exclusivity extension into February.

How many times and by how many people does this have to be repeated?

This also makes me wonder how we were ever going to close a deal on October if there were going to be additional testing of the rocks. For me this supports my theory that Scott wasn't expecting this when the geologists who had travel visa issues finally visited. I believe Scott thought there would be a deal and was surprised by their desire for further due diligence.




from the pr's:

As previously announced, Nio-Star has collected and shipped approximately 900 kilograms of rock samples from the adit area of the Nemegosenda project to a China Research facility for metallurgical, process testing.



In order to advance the project during this exclusive period, Nio-Star and the SOE have worked together to collect approximately 900 kgs of rock samples from the adit area of the project's D Zone. These are being shipped to China for metallurgical and process testing. Full results from this testing program are expected to be completed over approximately 3 months. These tests may be used toward the Study, and are likely to speed up the process. Further details and interim updates on this program, as well as other ongoing corporate initiatives, will be announced as they progress.



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