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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: Tom Cat who wrote (2022)3/21/1999 10:26:00 AM
From: Gary Nash  Read Replies (1) of 5821
 
Tom on 4 paws: It is easy to understand why the previous hole was deepened if you understand the management. Doug Hume is a very methodical unpromotional man. He is not concerned about the stock price at this point; he has the money and knows that the results over time will speak for themselves. Look at it this way; if the property was all yours, wouldn't you re-drill an old hole if the down hole EM starts ringing above? Wouldn't you hire a management team that is methodical and "plugs along" from hole to hole rather than drilling everywhere with wildcat (excuse the pun) holes? What a potential waste of money! Must only be reasonably patient here because he is really going after this play, with 2-3 rigs turning. Won't take long to understand the potential; 2 more weeks of drilling.(PS PRX could be a nice trade this week as long as ~.70 stock holds). Glad to see you're back into NWI-don't think it will disappoint us but we will know soon. There are very FEW plays that I will stick my neck out on, but this is one of them; been in hundreds of mining plays (hell maybe thousands) and few of them have the potential as we have here. Critical next few holes.
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