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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: Mark Hollenbeck who wrote (1035)2/24/1999 1:54:00 PM
From: Midas  Read Replies (1) of 5821
 
Mark:

If a drill starts turning next Monday (March 1) there are a full two weeks before the PDAC to drill a hole, cut the core and deliver it to Toronto. Drilling 150 m of core will take 2 days at most and with two drills, Nuinsco gets two cracks at the mineralized horizon at the same time. This leaves a week and a half to log, split, assay and deliver the core. Having planned things this well, why would Nuinsco management carry out a secret drilling program? If it was discovered that they lied to their shareholders, it will only damage their reputation and make it more difficult to raise money in the future! I doubt a drill is turning and as pointed out elsewhere the lack of stock activity appears to support my contention.

Midas
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