Niogold Mining Corporation, symbol NOX, has been on our screens for three years and it became more interesting as it declined in price. The decline has brought Niogold into the range of undervaluation. As you know, the price action of markets brings stocks into what are often exceptional buying opportunities-this occurs often in many of the junior mining stocks. The recent sharp decline in gold bullion’s price has intensified the severity of the price declines in mining stocks. Niogold is a case in point.

 Niogold had a three year price high of .50 cents and is currently languishing at .19 cents. While some may lament price weakness, we often consider it as an opportunity. Presently, we are experiencing a cyclical decline in the gold bullion which our research suggests will soon be in an upward direction. Moreover, our analysis suggests that a major positive change in the direction of gold will be quite soon.

 Presently, Niogold has over 2,100,000 ounces of 43-101 gold resources and over $4,000,000 in cash and marketable securities. As well, the company has a large percentage of management and management “friendly” ownership.  We are going to be following Niogold very closely.