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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: Brian Fowler who wrote (3835)4/28/1999 9:57:00 AM
From: Glenn J. Mullan  Read Replies (2) of 5821
 
Brian, have you followed the yellow brick road from Hemlo to get here? Dead? Really?

I guess that is why others are drilling now, others are cutting lines, others are surveying grids cut through a very sloppy and mushy spring break up, FL/Donner(?) set to mobilize crews (like a large one of over 20-people apparently) to their JV, airborne surveys just completed by some and being done by others.

Ask the people who run the camp at KM-105 if the play is dead, they have had their best season in years and for once it has nothing to do with forestry. Claims staked, grids cut, surveys done, and drills will tell the truth, "that is what they call it exploration" (Doug Hume quote).

I know that you have some difficulty with certain concepts (readers referred to discussion on Starcore thread) including misrepresentation, but Nuinsco did not issue guarantees to follow the drill hole. There are many targets left to explore, they have expanded their program to include newly acquired property, they are methodical and systematic, and Mr. Archibald is top-notch as far as geological insight goes (that went right over your head), and I have yet to read anything negative about the management.

This was no scam, no over-blown promotion (like Starcore for instance), it showed the value of a new discovery on a grass-roots property to the investing public, and it gave the mining industry a much needed bit of excitement in the traumatic days following the Bre-X inspired misery.

As a direct consequence, others will continue working in the area, each company brings their own circle of financial, technical, and even promotional people into the play. Maybe Nuinsco will not find anything else, maybe they will turn out to have only the first one but not the best one (drill holes). Maybe a lot of things but that is the nature of exploration.

And maybe, just maybe that terrific intersection reported on January 21st with those coarse grained crystals of pentlandite will turn out to be part of the feeder zone as speculated all long, and that all of the work done in the last 3-months helped lead to the "big onion". Hope so. Falconbridge must have thought rather highly of it to stake all of those claims. Gee, Noranda must have thought rather highly of it too. And about 50 other companies.

What a shame, Brian Fowler doesn't bless it. Sounds like you are bitter. Want dead, how about Starcore? How many claims were staked by FL in there? And where are they preparing to work now? SE of Val d'OR, Denain twp. So much for commitement. How much money did Starcore raise from their "discovery" (cancelled private placements don't count).

Keep up your good work Brian, peole like you give me all the motivation I need in the morning.

GJM the prospector (shares in many NWI area players, SOE too for that matter, and claims in both areas)
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