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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: Just G who wrote (3898)	4/28/1999 1:39:00 PM
From: Natrav	Read Replies (1) of 5821

If you back out the cash value of $9 mill/55 million shares=$0.16 and pre Lac Rocher value of NWI (say $0.25/sh.) out, it leaves an implied value for Lac Rocher of about $0.35 to $0.40 a share or about $20,000,000. Seems cheap to me for an advanced play, and it is a play. I would recommend that we buy some lakefront property on Lac Rocher. If NWI play does not pan out, we can create a nifty tourism camp there or go with NWI.com or the hemerroid creme biz. Lots of opportunity. This is all tongue in cheek of course. As for inlongs comments, I have seen the market be wrong before.

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