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Gold/Mining/Energy : Namibian Minerals Corporation
NMR 8.375+1.1%Dec 23 3:59 PM EST

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To: Henk Wondergem who wrote (1)4/24/1997 9:23:00 PM
From: S. Chandra Shekar   of 124
 
Henk: Until the sub-sea tracking vessel (which is being fabricated by Dresser Industries and is designed to pump one million cubic meters per year of ocean floor material to the processing plant on a surface ship) is fabricated and operational and the initial mining results are announced,this stock may stay in a trading range. If plans go according to their announced schedule, the company should be in early stage commercial production by the end of the year.If results live up to expectations, the stock holds good appreciation potential.

Chandra
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