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

To: tango who wrote (1295)	3/7/1999 10:38:00 PM
From: Brumell	Respond to of 5821

I don't put any merit in it Tango. Here's why. For some time now, going back more than three weeks to their analysts meeting in Toronto, NWI have said exactly what they would do. They said they would build road access, use at least 2 drills and possibly more if warranted, and drill a series of 50 meter stepouts to determine the structure of the deposit. They indicated a lot of drilling would be required and time was a factor as most of the area to be drilled was swampy and best attacked while frozen. To date, they've done exactly as they said they would do. Many people who like to think they are sharp and know the angles have predicted a series of things would happen. They have been totally wrong so far and I predict will continue to be. My bet is the company will drill in a methodical and systematic effort to learn what they have. As we all know by now on this thread, they'll be largely exploring by drill bit from here on without too much guidance from geophysical instrumentation. No one knows what their results will be. We've had a chance to hear from some very knowledgeable people on this thread but there is no definitive consensus. We know NWI has something but we don't know how much or how good. Those who think they know all the angles and inside stuff may be able to tell you how the company can be careful. Others may suggest a 200 meter stepout, etc if you really want to know the boundaries quickly. Personally I'd rate such information in the same category as those who wanted to do everything in a rush by helicopter and forget the financial consequences, .... basically uninformed. Hate to be repetitive but this company has a MO that I don't expect will change. They are methodical and cost efficient. I haven't a clue what they'll find but their prospects seem attractive. Treat this one as a straight-up play - what you see is what you get.