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Non-Tech : Northern Empire Minerals (NEM.V) -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (10)	5/23/2003 10:39:30 AM
From: Elizabeth Andrews	Read Replies (1) \| Respond to of 92

The bad part of the discovery process in the diamond exploration business is that it is painfully slow. There's a long lag time between sampling, by drill hole or otherwise, and results. Also, the distribution of diamonds in a deposit is the classic "nugget" effect so large bulk samples are required to establish a meaningful grade and size distribution. Gold discoveries usually produce rapid market cap advances based on the expected grade near the beginning of the exploration cycle, which can be driven by a few small samples. SWG is a good recent example. What appears to be very good about the NEM-v discovery is that it is in a new area and they control a district with multiple showings. This may take some time to work through but the end result could produce a market cap much higher than SWG and could be a higher market cap than most big gold discoveries. The difference may be that the big increase in market cap could result well into the exploration cycle as expectations build based on the slow sampling reality. This will, I think, require some patience, which is why I'm suggesting selling half of your position when (and if) it doubles and ride the balance.