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Non-Tech : Northern Empire Minerals (NEM.V)

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To: jrhana who wrote (58)7/3/2003 6:10:08 PM
From: jrhana  Read Replies (1) of 92
 
received the following EMail about Aviat
from John Robins president of NEM

<The work program will be starting in about a week, there were some minor
delays because of weather. The program planned for Aviat is almost
double that of Churchill however we were able to start Churchill sooner
because it is 800km further south. The program will consist of airborne
geophysics, sampling and drilling.>

So a large program is about to begin; Don't forget if you own NEM or SRM you have some interest in both projects.

NEM owns 35% of Churchill

How did they pay for it?
They used NEM stock which SRM now owns.

If both projects produce mines, it might make sense to merge the companies someday.
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