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Gold/Mining/Energy : NAR FORUM

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To: Andreas Lichtblau who wrote (18)7/28/1998 10:56:00 AM
From: Andreas Lichtblau   of 34
 
from the NAR Forum page at nar-resources.com this morning:

I read about this company while lurking in Michael Burk's thread. I am a faithful reader of his chat room because it is THE BEST source of honest, factual and intelectual dialoge on the net. It surprised me to read Earlies comments (normally they are told to go forth and multiply} when someone recomends a stock LONG. I have read your web site from cover to cover and i called my broker today to see if anyone at his firm covered the stock. He laughed and told me that all of the mining analyst's are hiding under their desk's and their lawyer answers the phone.My question.... has anyone writen this stock up and if so could i get a copy ? Regards H. Bernstein

Dear H.:

Bob Bishop wrote it up in May: "..it is my growing belief that NAR may be on to a significant discovery." and "..in the realm of $5 stocks, I am inclined to the view that Falconbridge may have drilled one or more significant holes.." Now, if Bishop's past success with Diamond Fields is any indication, he may well be interested in the expanded program Falconbridge is now committed to.

Bay St. wizards will no doubt wait 'til Falco's drilled off a 30 million tonner of Kidd Creek style ore to recommend NAR Resources. Matchbook type calculations suggest if the ore is worth $200/tonne, then there's $6 billion in the ground for a 30 million tonne deposit. Nar's 40%, divided by 8 million shares , gives it a value well in excess of $100/share.

Falconbridge won't give out any news on current drilling until assays are in/or they deem it of material importance to NAR. I doubt there is anything one can do to get them to release news even on a monthly basis. The big guys don't operate like that: NAR will have to wait, so will I.
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