Now this is great news. Some decent price appreciation on virtually no volume. NIS-v is a gold producer and has a mill. Market cap less than $5 million. Triple easily possible from here. JMHO... if you can get shares

red911

New Island to buy back Nugget Pond mill from Crew Gold

2009-05-06 12:10 ET - News Release

Mr. Harold Wareham reports

NEW ISLAND EXERCISES ITS RIGHT OF FIRST OFFER ON THE NUGGET POND MILL FACILITIES

New Island Resources Inc. of St. John's, Nfld. has exercised its right of first offer from Crew Gold Corp. to acquire the Nugget Pond mill facilities situated on the Baie Verte peninsula in Newfoundland.

The offering price is $3.5-million and the assumption of reclamation bonding of $1.5-million. Closing is to take place within 90 days. At closing, subject to negotiation between New Island and Crew of satisfactory terms and conditions, Crew will enter into an agreement with New Island that will provide that, during the period from closing to June 30, 2010, Crew will have use of the facility, including custom milling ore for third parties.

New Island is pleased to reacquire the Nugget Pond facilities that it originally acquired from Richmont Mines Inc. and subsequently sold to Crew in 2006. The mill and related tailings facilities are in excellent condition and well positioned to undertake custom milling for various gold deposits in the area. Additionally, New Island holds several highly prospective properties adjacent to the mill.

We seek Safe Harbor.