Well before I discuss your question Brillo I have a few things to do first
so please bear with me for awhile. I respond to questions posted on
this open forum system as well as to questions I receive in my e-mail,
(some of you guys have my address as well as a lot of my friends
who also follow this stock, sorry I can not post it on here because it
would be complete pandemonium for my e-mail). I have been getting
a lot of e-mail and judging by the questions I did not really explain
myself well in my other posts and I assumed people had a little more
innate knowledge about mining than they really have. I went back
and read over my posts and I realized I made a few errors and failed
to get the point across that I wanted. I would
like to clarify and amend some of what I put on the net in the last
two weeks. First I want to explain who I am EXACTLY. I am 28 and only
a driller who also stakes mining claims. I work for the Drilling company
that Nuinsco hired to drill for them, I DO NOT work for Nuinsco. I have
NO formal training at all in geology, interpretting drill results, or the
inner working of mining companies. Everything I know comes from my
work experience in the mining business. I am also University Student
and I love learning new things so I keep my eyes open and ears alert
when ever I go anywhere. I have learned a lot about mining but it in
no way gives me any credibility. What I say on this and other forums
are only my OPINIONS and INTERPRETATIONS based on what I
have learned over the years. So please treat these posting like that.
Almost all my questions come from e-mail but instead of answering
each one separately I combine them all in these postings and just
e-mail a response telling them to look here. I am quite sure a question
asked by one person is also something someone else wants to know.
I have also been informed of errors made in my statements that I, at the
time I wrote them, I thought were correct. I will amend them now:
1) Dryden was an incorrect example of mines occurring in groups,
better ones would have been Thompson, Manitoba or Red Lake,
Ontario.
2) To my knowledge Placer Dome has more interest than Inco in the
Musselwhite property. Mining has just begun there in the last year.
3) The assaying error is generally lower than the 10-20% I stated,
those above values I gave would be the maximun I believe.
4) Rc drilling gives different kinds of geological info than airborne or
geophysics, it was wrong to compare the three like I did.
5) The IP and Geophysics problems or limitations that are being
experienced are occurring for more complicated reasons than the
one I gave. They are real hard to explain and I am still trying to get a
handle on them reasons myself.
6) I think I got them all but feel free to let me know of any other errors
you guys find. Remember I am NO EXPERT here and I am just going
on what I see and hear.
I would now like to clarify a few things I stated that I beleive were
taken the wrong way or that I poorly expressed.:
1) On the issue of giving credit for a mining discovery. This is MY
OPINION but I beleive it sounds logical. It is not the airborne survey
teams findings, the geophysics teams findings, the IP teams findings,
the surface sampling teams findings, the RC drilling teams findings,
and it is not the Diamond Drilling teams findings that credit for a
discovery goes to. To me it all falls down to the GEOLOGIST Team
who take ALL of the results of the above teams work and uses them
to come up with theories about what is happening in the rocks. These
professionals are the ones who make the calls and tell the other teams
what to do. They are the ones making the descisions. So ultimately
the Geologists are the ones who should get credit for a discovery.
The rest of us, the other teams, only get to say "WE WERE THERE"
which is what I say. I have been there for 6 discoveries but I take
no credit for it and so should non the other teams. No one takes credit
when we do not find anything. RC drilling results by a government
got NWI to look here in the first place and the RC drilling by Stu and the
diamond drilling by us has kept Nuinsco geologist looking. It is a team
effort. I just think this is the correct way to assign credit. I have just
seen and heard SO many mining stories about who got credit for what
discoveries and seen people use their supposed credit as validation
for their opinions and theories. I've seen this occur too much in University
Research discoveries and it pisses me off. Everyone found Thompson
Manitoba it seems when you talk to people.
2) My thoughts on on the DFR/INCO deal were exactly that, MY
THOUGHTS. I based them on what I saw and heard; then interpreted
them the way I think it happened. I beleive INCO screwed Nuinsco and did
considerable damage to the companies efforts and credibility. Sure
Inco was forced into the deal by the DFR buyout but I think they
could have handled the situation more professionally and with
Nuinsco's goals in mind and not just their own. It is surfice to say that
Inco is gone and just let that chapter die.
3) I expressed my thoughts about Nuinsco's PR department and made
statements about the company President Doug Hume in the previous
post. I would like to Sincerly APOLOGIZE to Mr. Hume, his staff and
the Board of Directers for those comments. It was extremely unprofessional
of me to make those comments and I made those comments without
taking into consideration Nuinsco's agenda, goals and staff. What
how and when Nuinsco chooses to use their geological findings and issue
press releases is their business. I have no idea about the laws and
legal responsibilities in the making of a press release or how they are
to be worded. Most of you come to this site looking for info because
you are having trouble finding it yourself, ( look at previous postings
by others and the questions they ask). I have always thought, MY
OPINION here, that the news could be a little more frequent even if
it is just to say "hey NWI just completed this many holes and sent it
out for assay or hey NWI is going to move the drill to a new area and
this is why or hey the NWI annual report id due out by this date or
even hey here is NWI monthly release on the past month activities."
To me people just want to know what is going on and if you tell them
then I assume they will feel important and informed. It all seems so
secretive to me and secrets are bad because I think they imply the
wrong ideas. When you are a public company, you are playing with
THE PUBLICS money; their savings in most cases. They are risking
their futures on you as a company; shouldn't they be informed more
often than once every few months. The department is called "Public
Relations" is it not. These are just my thoughts guys, take it that way
please. I apologize again to Mr. Hume and his Staff and please do
feel free to call the Nuinsco Head Office in Toronto they are quite
alive and do have a pulse and heartbeat and I am sure will be happy
to talk to you.
Well that was a page full and I do hope I still have your attention. I
have got to say I was really impressed by the news release on May 30
by Nuinsco. It read very well, had the drilling results in tables instead
of buried in the text, and clearly stated the objectives in a point form.
A press release should be user friendly, quick to read, and have the
data organized in tables and this one was all of that. I hope they keep
this kind of press release style because I think it will really pay off
for them. I was also very impressed by the Annual report. It read very
well outlined the companies findings and their goals for 1997 as well
as explained how it would attain those goals. I still think they are
underestimating the tonnage and grade figures, it should be higher,
but you can only go with what the data supports. Some very positive
info coming out in the last few days from Nuinsco, I just do not really
understand what happened to the stock unless all the guys playing
the margin got caught and had to sell before months end. I guess
with the announcement in the release of drilling starting shortly means
that Nuinsco must have a found a backer. Knew they were working
hard one this and I guess they made it happen. That is the one thing
about NWI, ALL the money they raise goes to exploration. NWI does
not have a fancy office on Younge Street and a fleet of new cars, and
does not fly around the country. No wasting of money here. I think
that is Nuinsco's biggest plus, besides the property, is that they do not
waste the money they raise.
Ok Brillo here is my thoughts on your question. Nuinsco has to prove
up more gold or find the nickel again to move the stock. Depending
on how much they find will determine how high the stock goes. Yes I
know that sounds real basic but I may as well start there in explaining
myself. Nuinsco has not tested much to depth mainly due to cost I think.
If NWI can add more tonnage to the #17 zone either by hitting more
gold to the sides or at depth then NWI will improve the gold resource
figure. Also if they can improve the grade, meaning hitting richer
areas this will one: increase the reserve and two: validate this area
as a gold containing region meaning that because NWI controls so
much of the land in the area they will have the most likely ground
for additional discoveries. The RC drilling has turned up new targets
for drilling to investigate. If these targets hit then NWI have proven
that this is a whole new gold region and that the theory of replicating
ore bodies will also come to pass. If you find two why not three or four
or five ors bodies, it happens. This situation could get very explosive
if new areas of gold bearing rock are found. Now forget about the gold
and turn to the nickel. This stuff had to come from somewhere and
NWI will be focusing on locating the source(s). Then you have the PGEs
or Platinum Group Elements which makes the nickel ore richer as
a bonous. NWI has found a considerable number of positive
indicators for one and possibily several ore bodies to be found here.
So what NWI and you the investor are betting on is that drilling this
summer and fall is going to 1) improve the #17 zone 2) new areas will
prove or at least indicate new ore body possibility 3) the nickel can be
traced to find the source and that the source will have grades as highor
maybe even higher than the ones already found and 4) that the price
and demand for precious metals and base mentals increases.
Any one of these possibilities comes to
pass will move the stock, if two or three or four of them come to pass
the better we will all be. So what I am saying is that Nuinsco has MORE
possibilties with a very good chance of having them occur then most
companies in mining that I know of or follow. With the drilling starting
soon the chance of a stock increase is getting better. If I had the extra
money I would be buying NWI stock myself to add to what I have but
that is just my OPINION. Nuinsco to me is what you guys call a good
speculative buy. If you are looking for a quick flip return on your money
it won't happen because this thing is still going to take some time to
get results back on. It is a tough question Brillo because if I knew that
kind of stuff I would be living in Australia right now and not Calgary. It
all depends on what these new areas tell us. I beleive in this property
and again my thoughts are that there are several discoveries to be
made here, several ore bodies to be found. When this will happen I
do not know. Read the data, talk to others, compare it to other
discoveries - meaning are NWI's indicators the same as other ones where
mines have been found, seek out a more professional opinion about
NWI's data, and lastly go with your gut. Basically assess the risk of
investing which is what you all are doing right now. It is just that you
want someone else to tell you it is going to pay off for sure. Be sure
to include in your assessment how much of this stock issue is BRE-X
fallout and when you might think a recovery from it will happen.
Nuinsco has in my opinion very good indicators for a major world
class mining find. Counter arguements are more than welcome as it
will help everyone in the end make their own choice I hope.
Yes this is a real long one here folks. Any new ones will be kept to a
minimum. I would REALLY like to get some feedback from ALL of you
who read this and follow Nuinsco. Tell me what you think of my posts
the good points and the bad (be Honest), what you think of Nuinsco
and their chances based on what YOU know from personal experience
and should I continue to write on this post. A word of advice to all of
you who write on the posts. Be careful whose names you mention as
it is not right to put someone else's name or their opinion out here
for all to see, make sure you explain yourself well and make it clear that
these ideas are your opinions only, and lastly be ready to defend your
opinion and be ready to accept it when you are in the wrong. I have made
all of these mistakes but it is a learning process right. Please do
respond to this post as you have taken the time to read it what is five
more minutes, it would really help me out.
Signed RED-5 ( The truth is out there somewhere !! )
PS This web-site needs a spell and grammer checker program as
well as a larger screen. |
