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Gold/Mining/Energy : Nuvo Research Inc

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To: jef saunders who wrote (7498)	7/13/2001 9:16:04 AM
From: Montana Wildhack	Read Replies (1) of 14101

jef, I've heard a bunch of different estimates; but, its not an easy thing with the little info we have. The one thing we did see is a build up in inventory several quarters ago and then the next quarter a drop in that inventory level despite having produced for another quarter. I've also heard different guesses about what percentage we get from Provalis. I felt an estimate around 3 plus million was reasonable using about 40% of the 16 pound sterling number; but, then the questions about how that was handled (eg consignment) and the uncertainties in the estimates is just too tough. Unfortunately I think we'll need 3 to 4 quarters before we can really start to see something settle in and preferably grow nicely. Wolf

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