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


To: mineman who wrote (2130)3/22/1999 8:41:00 PM
From: 4TNiner  Read Replies (1) | Respond to of 5821
 
My point exactly! The current share price whether it is $1.00 or $4.00 is likely not strong enough to support a viable mine. Consequently we all need to see this baby cross $10.50 before a mine would likely be developed. Now, many people will make a lot of money buying and selling shares if the price goes to $10.50. Weighing fact (known deposit tonnage) and speculation (how much more may be found) will be less stressful once we find enough to develop a viable mine. I think at this point we will at least know the share price will not fall to far and that it could rise many times more. For those of us who are in at this point $10.50 is not a bad return.