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

To: Dominique Daoust who wrote (215)	6/19/1998 4:18:00 PM
From: John Stella	Read Replies (1) \| Respond to of 420

Dominique, You have to look at the whole "picture", junior mining stocks on all markets are down, mostly because of the price of gold, Having said that, compare Nora's performance against most of the juniors on the Montreal exchange, we are doing a hell of alot better than 95% of them. I won't mention any names but here are four (4) examples; 1) was trading at $5.30 now .20 2) was trading at $1.16 now at .15 3) was trading at $2.00 now .28 4) was trading at .70 now at .32. Nora has fared much better trading between .77 and $1.02. Also taking into consideration the publication ban imposed on us by Namdeb, we were not able to make public most of the pertinent information on our Otjua concession, this has since changed and our IR program should be in full swing shortly. As for your question concerning where the share price should be, i will not speculate on that, however consider this: Nora vs Namco: When we compare both companies, the "market" values Nora at $2.41 per carat vs $53.00 per carat for Namco, we have less shares issued and a much larger resource. Our last press release announced the joint-venture acquisition of two off-shore concessions located between Ocean Diamond Mining (ODM) and Namibian Minerals Corp. (Namco), incredible news, the market did not react. There was however alot of reaction from brokers and analysts. The President was in Toronto for most of the week and will be in London, England next week for more meetings. A major factor that you must keep in mind is that we are the second largest "surface area" owner in the diamond rich areas of Namibia, second only to DeBeers. Some shareholders might be disappointed at the current share price, but for those who have patience, they will rewarded many times over. Regards, John