Canadian-under $3.00 Stock-Picking Challenge Message Board

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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: teevee who wrote (11214)	2/4/2003 9:17:37 PM
From: Al Collard	of 11802

NEM-v...in the news: Kaiser says hold Northern Empire on diamond find Tue 4 Feb 2003 John Kaiser writes in a Feb. 3 Express that Northern Empire Minerals (then $1.10) and Stornoway Ventures have discovered a significantly diamondiferous kimberlite outcropping on their Aviat project on Melville Peninsula. Mr. Kaiser recommended Northern Empire in October, 2001, at 21 cents. He says that the microdiamond size distribution curve suggests a grade in the 0.5-1.0 carat per tonne range. Indicator mineral analysis reports "a moderate to high diamond potential for the kimberlite," emphasizing a "very compelling eclogitic garnet signature." The kimberlite occurs as a 40-by-eight-metre outcrop of hypabyssal material at the edge of a lake. Mr. Kaiser says Northern Empire and Stornoway represent fair speculative value as bets on a world-class diamond discovery worth $2-billion or more, and, in the absence of tonnage and macro-grade information, have room for another 50-per-cent price increase. Northern Empire, he says, is a "Spec Cycle 100% Hold" with a "25% Partial Sell" kicking in if short-term trading takes the stock through $1.50.

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