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

To: inlong who wrote (2678)	3/30/1999 9:15:00 PM
From: G.T.	Read Replies (1) \| Respond to of 5821

Hi Inlong I am now out for the short term. closed out my 1/2 position today. Todays results mixed, need to drill south for sure. Technically stock broke below support at $1.50 that's a bad thing. So now downward momentum building, lots of over head resistance now at $1.50 next $2.10 I will not get into the supply available now from the $3.00 to $3.50 range. I will be more than happy to get back in if the next results can push it back and close over $2.10 per share until then watching 100% from the sidelines. Still like the story and geology but the overhead supply is a heavy weight on the stock.

To: inlong who wrote (2678)	3/30/1999 9:28:00 PM
From: mineman	Read Replies (1) \| Respond to of 5821

inlong, based on holes 4 and 6 I think the high grade will continue Southwest along line 11+00 - the questions is how far? If the same grade and thickness continues for at least 100 metres then the zone would become more interesting because it could fan out giving more tonnage. If the zone increases to 4 or 5 metres at 10% Ni the entire economics of the project would change. However based on the drill results so far I think the zone will continue at the same grade and thickness for 60 metres southwest where it will lens out and the zone will then be delineated on all sides.