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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: 4TNiner who wrote (2308)3/23/1999 9:10:00 PM
From: Brumell  Read Replies (1) of 5821
 
I think we should keep the edges sharp and clean around this play, 4TNiner. Before Lac Rocher came on the scene, NWI was a 30 cent stock and that's where it will be headed eventually if the Lac Rocher play is eliminated.

If there is anything to be learned from Rainy River, it is that NWI management are dedicated and persistent. They won't give up easily at Lac Rocher and will pursue their objective in a methodical and efficient manner.

Rainy River may have its merits but that's not what raised $10 million bucks. They had a hard time with a rights offering in the 20 cent range with that one. Lac Rocher raised the money and that's where we should all be focused. The market certainly is. If someone is telling you not to worry because the other properties have merit, I'd say, beware.

The truth is and the facts are we are making a high risk gamble. Personally, I think it's worth it but I'm under no illusions - this is speculation with possible high returns, not an investment. Confusing the two can be misleading and an expensive mistake.

Regards,

Bob

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