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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: Tom Cat who wrote (935)2/18/1999 11:46:00 PM
From: Elizabeth Andrews  Read Replies (1) of 5821
 
The real price may be the Sudbury Basin and Inco as a company but let's leave that thought for a bit, okay. It seems to me that DFR had about 33 million shares issued prior to the discovery hole. The stock was about $6 and going into the toilet as the Luderitz offshore diamond play was about to fizzle. It was split 4:1 and ultimately traded at $40+ so I guess the market cap was around $5.2 billion but Inco had already become 25% pregnant before that, so it was about $4.2 billion or so. Enough to bankrupt Inco, okay? They should have stuck with ESB at least there is a growing vibrator demand.

What is your point or question? How does it relate to the current NWI promotion? One hole does not constitute consistent. Teck did not get involved with DFR until about hole 30 or so all of which, except hole 6, were very good holes.
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