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

To: Gary Nash who wrote (2007)	3/20/1999 1:20:00 PM
From: 4TNiner	Read Replies (2) \| Respond to of 5821

Gary, would we expect to see the same fluctuations on a run to $5 as we witnessed from the $2.0 - 3+ run. With each 50M add-on confirmed we should expect to solididy a low point in the stock? ie, if we confirm 50M next week and move to say $4.00, is $3.00 now the lowest we should expect this stock to drop to. I guess in a round about way I am trying to figure out the market value / hence stock value for the minimal economic point for committing to production. Obviously, we will eventually reach a point where regardless if any more nickel is found the mine is viable.

To: Gary Nash who wrote (2007)	3/20/1999 2:24:00 PM
From: Midas	Read Replies (2) \| Respond to of 5821

Gary: Your Specific Gravity (S.G.) at 2.8 is too low for this type of mineralization because it is just above that of quartz and plagioclase. The country rocks will contain a substantial proportion of mafic minerals such as olivine, augite etc. that have a S.G. of >3.2 and should result in a S.G. for the country rocks of 3.0. Taking into account that the massive sulfides have an even higher S.G. of ~4.6 and assuming that there is on average 10% sulfide in the rock, a more appropriate S.G. might be 3.2. I point this +15% difference out because its implictions will increase as the total drill indicated tonnage increases. Midas