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Gold/Mining/Energy : Northern Abitibi Mining (NAI-ASE) -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (481)6/2/1998 7:22:00 PM
From: keith massey  Respond to of 773
 
Wanted to help spread some light on NAI current drop. Along with all the stock market games it may also have a lot to do with current nickel prices.

From Kaiser Express last week reffering to the INCO deposit.
"the Voisey's Bay project is sub-economic at current nickel prices of US $2.50/lb".

For anyone watching nickel prices, they have dropped from 2.50 to 2.08 in the last month. Today the price dropped .129 which may help explain the huge drop in Voisey Bay stocks.

Best Regards
Keith

P.S I have never owned any Voisey Bay stocks but have a buy in at 0.44 for NAI good till the end of the month. I figure at .44 I own it lower than anyone who bought in after Sept 97 when this whole story started. It is bound to have one more good run-up before the drill session is finished