Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Nora NXI on ME -- Ignore unavailable to you. Want to Upgrade?

To: Hesham El-Adly who wrote (153)	2/25/1998 2:39:00 PM
From: John Stella	Read Replies (1) \| Respond to of 420

Hi Hesham, As for the quarter results, they should be out soon our CFO is in the process of putting them to paper. As for the reserves i will quote a section of our annual report which was received from the printer yesterday. page 5 "With a single production plant , Otjua had concentrated the bulk of its limited manpower resources on a 20-kilometre stretch of the much longer coastline. The remainder of the area was essentially "untried". The geologist's report concluded that sampling and mining along the present coast has shown mineralization along its entire length with very high quality diamonds. The diamond resource in the area could amount to 3.0-3.5 million carats with a total inferred value of 510$ million or more." As for the price share, as you can judge for yourself we are holding up very well compared to other stocks. As i am typing this the market book on the screen shows very few sellers, but a ton of buyers positioned to try to pick up some cheap stock. Less than 30,000 shares are needed to take it over 1.00$. Not to worry 1998 will be a great year for Nora. Regards, John