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Gold/Mining/Energy : NEVSUN

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To: Helmut who wrote (42)8/14/1997 6:25:00 PM
From: Michael Grajkowski   of 205
 
Helmut
Bre-x did not change NSU's fundamentals.IMO the recs are still valid. I blame NSU for slow progressing what partially caused the price decline.When was the last drilling results? And now as the news release is approaching the price is improving.I had a chance to talk to IR and was told that they'l be drilling through the rainy season and that will speed up the work.Remember that NSU has two minable properties.The company is expecting 3-5 million oz at Tabakoto
and 2-3 mil oz at kubi as a final result.If they deliver good news
in the coming months the stock price should establish its level.
mike
The october price is NSU's worth now.
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