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Gold/Mining/Energy : NDT VENTURES

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To: Quickdraw who wrote (834)	9/15/2000 9:43:05 AM
From: Andras	Read Replies (1) of 992

According to Canaccord SPECULATIVE BUY NDT Ventures (NDE : CDNX : $0.39) Graeme Currie (604) 643-7405 Recommendation: SPECULATIVE BUY 52-week range: $0.43-0.11 Shares O/S: basic 25.5M fully diluted 26.6M Major shareholders: Management, 10% Working capital: $3.5M (CCC est.) Long-term debt: nil Weekly trading volume: 276,000 Market capitalization: $9.9M Asset Statistics Net ounces in-situ nil Key explor. Target Antana, Peru 2000 budget (CCC est.) Gross $1M (CCC est.) Geographic locaton(s) Southern Peru Geologic host(s) Rhyodacite intrusive Sector: Junior Mining Web site address: www.northair.com/ndt The following are the highlights from an upcoming report on the company. * New acquisition of up to an 80% interest in the Antana prospect in Peru provides substantial speculative leverage for this former Voisey's Bay-focused junior. * Surface exploration at Antana has outlined a large, low-grade, bulk tonnage gold zone that demonstrates the early stage potential to be considered a multi-million ounce prospect. * Initial metallurgical testing on surface samples has demonstrated good leach kinetics with bottle roll recoveries averaging 89.6%. The mineralization is also reported to be low in total sulphide content, which further enhances heap leach potential as demonstrated by the initial recovery rates. * NDT has initiated the next phase of exploration which is to include further surface mapping and sampling to be followed by an initial drill program that is expected to be underway in early Q4. The budget for this program is expected to be about $350,000. * At a market cap of less that $6.3 million net of working capital, we believe NDT is a very inexpensive and timely SPECULATIVE BUY. The target type and size at Antana provide strong speculative leverage for risk accounts. Happy investing, andras

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