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

To: donkeyman who wrote (526)	1/29/1999 3:37:00 PM
From: Buckey	Read Replies (2) \| Respond to of 5821

Here is the way I look at it. before the news they had a good result and less than mill in the bank and say 45MM shares out FD ( i dont know what the exact number is) that equates to a csah value of maybe2-3 cents per share Now they have roughly the following - If minimum of 2,5MM PP at 2 then 47.5MM shares out FD and $6MM in the bank or a csah value of .12 per share if max then 22 per share - I know it is very rudimentary but I like the deal very much even if it is at $2. $5 - $10 MM will do a lot of drilling