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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: SwampDogg who wrote (2380)3/25/1999 2:53:00 PM
From: Brumell  Read Replies (2) of 5821
 
Kaiser says Nuinsco's real test yet to come

Nuinsco Resources Limited NWI
Shares issued 40,440,366 Mar 24 close $1.87
Thu 25 Mar 99 In the News
John Kaiser, writing in a March 24 Kaiser Express, says investor confusion
was mostly to blame for the Nuinsco Resources selloff that began on March
17. The potential for a major nickel discovery at the Quebec property
remains, he says, in spite of its price gyrations. The Moraga, Ca.-based
letter writer notes Nuinsco's unfavourable mesa-like chart pattern, but
says if the stock falls below $1.40, speculators may benefit from buying.
Mr. Kaiser says he does not think the stock will go that low because too
many people understand the structure of the exploration program and will
support the stock before its price spirals out of control. It now trades at
$1.70. He says the best potential for a major nickel deposit lies with the
southeasterly plunge of the inferred mafic intrusive system that features a
strike of at least 1,000 metres. Geologists now are proceeding cautiously
with modest stepouts from the discovery hole. "The real test will come when
Nuinsco steps away from the tadpole's tail and drills the body," he says.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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