Northern Abitibi Mining (NAI-ASE) Message Board

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Gold/Mining/Energy : Northern Abitibi Mining (NAI-ASE)

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To: Graystone who wrote (47)	10/16/1997 11:00:00 PM
From: Bat Man	of 773

This is approx 3.6 ft at 21.88% mineral, according to news release. DRZ owns 50% and NAI owns 50%, but Teck has an option to a 50% earn in interest of DRZ's position. If this find were to be found feasible and Teck exercised that option then that would make NAI's share worth twice DRZ wouldn't it? Why is NAI's price lower than DRZ? probably because they have more shares outstanding. With 3.6ft at 21.88% mineral this would be approx equal 4% over 18ft I think DFR averaged around 4-5% over about 300ft in the ovide zone. Anybody know how wide a zone would have to be to be feasible? If they find the source of this one it could be a long ride on this stock, they are probably drilling around the edges so far. If this mineralization is only located on DRZ/NAI property NAI should be the best buy. IMO EA

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