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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: mineman who wrote (1995)3/20/1999 10:55:00 AM
From: LaFayette555  Read Replies (1) of 5821
 
Hi MineMan,

I thank you for the enlightning and excellent geo. info you present.

I would just like to remark that your definitions of economic deposits are guite 'rigourous'. Did you not say most of ARP was uneconomic for example.

For shure a grass rooth explo. project like NWI cannot be declared economic at this point : they just started drilling !!

If it were all ready prouven economic the game would already be over as far as I'm concerned... from my end of things..

Is it not way premature to talk economics here ??

For shure most explo. plays are to determine the economics of a deposit - projects start off uneconomic in that a resource in unprouven and then proceed to ascentain a resource or lack of it.

To state this project is uneconomic at this point is quite premature and finally is stating what we all know all ready.

Nothin is economic until proven so and that is exactly whay explo is all about: to prouve up a deposit and that is what NWI is doing.
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