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Gold/Mining/Energy : DUMONT NICKEL (DNI-M) -- Ignore unavailable to you. Want to Upgrade?

To: Just G who wrote (92)	6/12/1999 5:44:00 PM
From: Brumell	Read Replies (1) \| Respond to of 236

As there hasn't been much interest from S.I. types so far, I've been wondering who was trading it. It would appear that there has been more Quebec-based interest than usual but not abnormally so. Looks to me like interest has been widespread but is not yet too extensive. My hunch is that the DNI story, the nature of their Raglan and other properties, is not yet widely known although growing. Consequently, the stock should still have considerable upside potential excluding eventual drill results. From my perch, DNI at Raglan is a far better geological bet than NWI or DML ever where yet DNI's market cap. is still a fraction seen by the others in their hayday. I know many will argue that assessment but bottomline, the Raglan camp is a proven nickel camp. Moreover, it is composed of numerous small but high grade orebodies which occur along a well known and reasonably well defined structure. Dumont would appear to be on strike and horizon of that structure. Extensive geophysics have indicated promising anomalies. Coupling that with an experienced jv partner who is putting their own, non-public money on the line, DNI looks like a strong situation to me that is still not fully appreciated by the market. The upside potential is enormous - the downside still acceptable at today's prices. While we've had a few active trading days, generally it's been a well behaved market of gradual accumulation and growing strength. I liked this stock several months ago, said so then and still do. Looking at the numbers, I think there's still room for further price appreciation. While hard to guess, we may not see a decline caused by risk averse individuals selling when drilling starts. Obviously the above is a personal opinion. Too hot to argue today. Just wanted to hit those thoughts over the fence. Bob