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Gold/Mining/Energy : NOVAWEST RESOURCES INC. (NVE.v)
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To: T. VanRoon who wrote (1359)5/22/1999 9:05:00 AM
From: WWS  Read Replies (3) of 1434
 
I do hope for the sake of investors that they're able to mount an expedition this summer. But the $100,000 grant they've just acquired won't be sufficient. By comparison, NWI raised $10 mm to drill off their much smaller and closer holdings at L. Rocher. So, I wonder from where the rest of the money will come. And the fact that Glenn M. (the vendor of the Raglan properties to NVE) is now willing to part with his NSR in exchange for cash is not a good sign. I doubt he'd be selling if he thought that NVE had a realistic shot at proving up these properties.
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