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Gold/Mining/Energy : NLE-V Nu-Lite Industries
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To: Andrew G. who wrote (41)9/25/1997 7:23:00 PM
From: ANGLER   of 58
 
Andrew

The gold is there, no doubt about it. If I did not believe it I would not be buying at the present time. My biggest dilemma is why am I paying three times the price for NLE over BDW when both of them have 40/40 split on the China deal? Bdw does not have three times the outstanding shares. NLE is the operator of the mine when they start operations. They have to pay 1.2 million before the end of this month. The money is already in the bank for the NLE share but BDW has not made a announcement yet on their pp. As for drilling work, it can start as soon as the 1.2 million is paid and we should have results by end of November.

Now is an excellent time to pick up NLE or BDW, I have not decided which one would be a better play, although I own quite a bit of NLE at present which I bought over the last month or so.

I think there is some back room talk between BDW and NLE going on at present. When the dust settles NLE will end up with a majority postion in the mine(I hope).

Still accumulating
Angler
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