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

To: Brumell who wrote (641)	2/4/1999 8:46:00 PM
From: E. Charters	Respond to of 5821

One never knows what one will get. That is why they call it exploration. If you already knew the stock would be 10 cents or 100 dollars. But the model for what they are likely to find has been set in that area by the 5 ot 6 other nickel deposits up there. That should give one a clue. Most Archean nickel deposits are small. Most sulphide deposits period are small. That is the reality. Norandas, Mattagami Lakes, Kidd Creeks, Gecos etc.. are rare 18 million tons is huge. They would be damn lucky to get that. And it will cost 3 million at least to drill it off. If they are lucky. EC<:-} EC<:-}

To: Brumell who wrote (641)	2/4/1999 8:50:00 PM
From: E. Charters	Read Replies (3) \| Respond to of 5821

I will take a Raglan over Voisey Bay. Raglan may be 100 million tons of 3% nickel or thereabouts. And it is not over yet. There is 100 years of ore at Raglan. They found that in 1968 and would not develop it as it would have starved Sudbury and it was nickel and Falconbridge was making its money on copper in the footwall copper zones in those days. Falco would not fight Inco with such an expensive orebody in those days. They thought they could do it when the Inco advantage had receded in later years. EC<:-}