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Gold/Mining/Energy : Nuinsco Resources (NWI) -- Ignore unavailable to you. Want to Upgrade?

To: Scotchman who wrote (342)	1/25/1999 2:37:00 PM
From: Buckey	Respond to of 5821

MUG and FWR just put out a NR that they have staked it out - sounds like they went runnin out like stakers do - Both MSE stox and likley similar management I had FWR onthe ticker a few weeks ago after some odd price movement . I have called a lot of charts and I wil only be xcited if we can see a close above 2.45. The volume is good - a 4th day of 4MM +

To: Scotchman who wrote (342)	1/25/1999 2:38:00 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 5821

FWR is staking for one. I think they have a partner. Check the FWR thread for news.

To: Scotchman who wrote (342)	1/25/1999 2:40:00 PM
From: Kent C.	Respond to of 5821

Resouce Stock Digest today on Nuinsco: Dennis Birch's Resource Stock Digest Special Situations Hot Alert 99-02 January 25, 1999 Nuinsoc's New Discovery Spurs Price & Volume Nuinsco Resources (416-626-0470) (NWI.TSE) (Nickel, cobalt, copper) Nuinsco Resources reported on January 20, 1999 a discovery hole, diamond hole LR 99-1 on the Company's 100% owned property near Lac Rocher, NW Quebec. The property is some 120 km northeast of Mattagami and comprises nearly 800 acres. While a complete set of assays has not yet been received, initial assays revealed a 121 foot intersection of 2.47% nickel. The lower 62 feet of that intersection assayed at 3.68% nickel and the base of the hole intersection ran 10.8% nickel over 10.5 feet. The 1998 drill program produced long widths of disseminated sulfides carrying sub-economic grade nickel/copper mineralization. The discovery hole just announced confirms the previous thought of enriched mineralization however, a lot more drilling will be needed to determine the size and ultimate economic feasibility. However, the findings thus far are significant and are already being compared to the initial Voisey's Bay (Diamond Fields/Inco) discovery just a few years back. However, it is way premature to leap to that conclusion, yet much of the geology is similar and it is very possible that this could become an economic mine. Therein lie the risk and opportunity. The stock has seen a low of C$0.20 just in December and a high right now of C$2.50 for over a 1000% increase in a month. There are about 45 million shares out and nearly 25% or around 10 million have traded in the last two days. This merely goes to show that even in the worst commodity price bear market and natural resource stock market in decades that good drill results can spark these stocks to life. In fact, even in this poor environment they rival what the hot Internet stocks have done recently. This volatility is what will continue to make Nuinsco a popular trading stock into the current foreseeable future. It will be several weeks before any additional drilling so rumors (both good and bad) should drive the price both higher and lower over that time but probably not any "real" news of significance. Due to the sharp upward spike and tremendous volume the stock is probably overbought and due for a correction. Watch for the correction this week and buy at C$2.25 or lower. Should they bring in the next hole with similar results it should shoot the stock to C$5. If they miss on the next hole expect it to drop under a C$1. I think it would be a reasonable speculation to own a small position at these prices. Gallery Resources Limited (800-565-7350) (GYR.ASE) (Nickel, cobalt, copper) gallery-gold.com I attended their annual Meeting last week in Vancouver and will give you details in the soon to be released January newsletter. However, the immediate point is to draw the comparison of Gallery to Nuinsco as Gallery also has similar geology and long widths of sub-economic mineralization of Nickel, Cobalt and Copper. At this point, Nuinsco is a drill season in front of Gallery but also with a successful hole. The success of Nuinsco going forward should favorably reflect on Gallery by drawing attention to the similar prospects. In fact, the potential size of Gallery's Okak Bay dwarfs the Nuinsco prospects. Gallery will begin groundwork at Okak Bay in March/April and has the same potential of a 10 to 1 price appreciation on any decent size and grade intersection. Be sure you are exposed to this play this year. Dennis Birch