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Gold/Mining/Energy : Canadian Rocket Red's Picks

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From: SAM-DAN	12/23/2004 11:44:41 AM
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UNB just keeps rolling up in price. And still lots more potential. SLT holding firm with it having great potential as well NAG has been overlooked so far but eventually people will see the value ACQUISITION Should gain greater recognition by investors! It should be noted that the valuation of the contribution of their Molybdenum holdings is based on $17.00lb when it currently is trading at $34.00/lb. Gold was quoted at $400.00 an onz. compared to today's price of $440.00 an onz. The comparison with other mining companies who have completed mining their property or who are still operating can be misleading as the price of the minerals when they made their calculations may have been quite different than those used in the NAG calculations. Nag does point out that having 4 potentially significant types of metals on thier property [copper, molybdenum,gold and silver] cushions the projected project from the changing values that normally occur over the years. Unless all metals tank at the same time. That scenerio seems to be very remote given the rising economies of China and India amongst others. Further it should be emphazised that the deposit is open in all directions and ,most importantly, in depth .Thus the total tonnage available for mineralization could be much greater than 50 Million tons. Another major consideration is that the geologists who have examined the previous geological exploration say that normally there will be a "sweet" area which is the source of all the mineralization occurences. This could mean there is a much greater concentration of the minerals yet to be discovered on this property. All of the above would increase what must be considered a very conservative projection of the total value of the property. Closer core drilling and favourable assay results are needed to give a more accurate valuation . But NAG's share price is NO WHERE NEAR the realistic value of this company. Wake up investors!!

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