Nuinsco Resources (NWI) Message Board

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Gold/Mining/Energy : Nuinsco Resources (NWI)

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From: chipster	8/14/2007 6:16:37 PM
	of 5821

NWI owns 70 million warrants of CCH.TO @ 10 cents each . They have got themselves a sweet deal as far as the 10 cents warrants are concerned . Unfortunately where is NWI going to come up with the $ 7 million to buy these warrants by May 2008 ( Expiry date of the warrants ). I don't see that happening as NWI doesn't have so much cash lying around & are just an exploration co. & not producing anything i.e no cash flow or revenues from mining. They might sell their 22 % stake in Victory Nickel ( NI.TO ) to raise the cash to exercise the CCH.TO warrants. NWI already has 37.5 million shares of CCH thru a PP they did with them . Corner Bay is going to be a cash cow for both NWI & CCH for yrs. to come with its high grade Cu ..IMHO. Chipster.

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