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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (16579)	8/13/2003 4:43:10 AM
From: crustyoldprospector	Read Replies (1) \| Respond to of 39344

LT, Yeah, I have a thought on NDM. I got out of a truckload of NDM at about 85 cents because I thought it would drop a bit more, and in the meantime, I could put the money to better use ...

To: loantech who wrote (16579)	8/13/2003 4:58:59 AM
From: que seria	Read Replies (1) \| Respond to of 39344

Thanks, Tom, for the NDM piece. Re: "Any thoughts?"--My first thought, born of cynicism, goes: Did Raulston get paid for that "special edition" of his newsletter? Next, I see drill results are expected next week, and given the run-up I'm reluctant to buy here. Round 2 of drilling is already underway. The reported size commands attention, but I try to buy only value and don't yet know why this play isn't priced anywhere near its stated size. My second thought is that Raulston doesn't know more than the market. Third, I see that NDM is an HD outfit, and read that Hunter Dickinson Inc. companies have a strong record of success in exploring and developing large gold-copper porphyry projects, several of which have yielded exceptional returns for their shareholders. My own experience is that HD companies underperform, but maybe that's just me. Fourth, if the drilling goes well, we'll have to see what the costs and the recoveries from sulphide will be. Worth following. I'll await better geological insight.