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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: Doug Macklem who wrote ()3/5/1997 1:46:00 PM
From: Red-5   of 5821
 
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Started By: Red-5
Date: Feb 24 1997 6:42AM EST

This was created some time ago but was placed in wrong forum, sorry
for the delay. Liked todays news release but still not sure what to do
Been following AVL and SOE any thoughts here guys?

I guess the question is simple (What the hell does the market want before they stop
shorting this stock and take it seriously). Nuinsco has gotten rid of all the dead wood
like Inco and Western troy to now control 100% of the property. They have money in
place to continue their drill program which I might add consist of two rigs turning and
a third deep rig on standby. They have already drilled 12 holes this year and ALL of
them have values. This appears to be a low grade high tonnage ore body with
several high grade pockets in it. Case in point 74 oz/tonne Au, 3.5 oz/tonne Au,
several >1oz/tonne Au occurring at varying depths and over variable distances.
They also have a Ni/Cu/PGE discovery right next to the gold zone which has
turned up some remarkable assays. The overburden has been a big problem because
of the time it takes to run casing and losing some holes so results have not been as
frequent. There is also large backlog of assays.
So what happened on friday. Is it the market or is Nuinsco doing something wrong
internally which makes the markets bounce the stock around? Is there some obvious
bad point that I am missing here because they have a lot more pluses and potential
than anyone is giving them. I think this stock is sleeper - am I right about this? I read
releases of other companies who have a lot less to show than NWI and they have $4 -
$6 dollar stocks. Should I bail now and invest somewhere else because this company
has a market history that they can not change. Looking for advice, assessment, and
opinion on the company's future. Signed Frustrated and Confused

At last check they have drilled around 20 holes this year. Mining convention is next
week so the mining world will be shutting down, hopefully Nuinsco can
get some exposure and pump the stock some.
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