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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: donkeyman who wrote (526)1/29/1999 3:37:00 PM
From: Buckey  Read Replies (2) of 5821
 
Here is the way I look at it.

before the news they had a good result and less than mill in the bank and say 45MM shares out FD ( i dont know what the exact number is)

that equates to a csah value of maybe2-3 cents per share

Now they have roughly the following -
If minimum of 2,5MM PP at 2
then 47.5MM shares out FD and $6MM in the bank or a csah value of .12 per share

if max then 22 per share - I know it is very rudimentary but I like the deal very much even if it is at $2.

$5 - $10 MM will do a lot of drilling
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