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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: 4TNiner who wrote (2014)3/20/1999 2:05:00 PM
From: Gary Nash  Read Replies (1) of 5821
 
A comparison to DFR at this point in time is not possible in all respects. The main reason is that DFR had 4 holes over a strike length of 700m; we are about half that now. But the grades are remarkably similar if we look at about 40m including the 6%-10%Ni to arrive at a weighted average of ~2.5% for NWI and DFR. They had ~half the no. of shares outstanding and the market was not quite so "negative" at the time, but it certainly was not positve either if you can remember. DFR sparked the junior rally over the next two years. So, if we can continue to hit more of the SAME (don't need better holes like most expect) over another ~400m, the stock is a bargain at $4 (half DFR). Then, as I said, watch it explode. I made these projections about 3 weeks ago. That is why I'm still very positive on the play.
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