To: Just G who wrote (2726 ) 3/31/1999 12:02:00 PM From: Gary Nash Read Replies (3) | Respond to
Some great posts over the last few days. This is a mining play in a TERRIBLE junior market that many had hoped would lead the juniors out of the doldrums. NWI's results are good, but not the spectacular ones that are needed to drive the junior market .The FP pronounces the play as dead; Mineman continues to prey on the few facts which can be construed to show a small deposit worth nothing; Eric Charters points out many aspects of the geology which may prove the area has MANY rich zones and is open minded to new results (the way we all should be); T.C., yourself, Brumell and others point out the trading/leak controversy and speculate on price levels, new holes etc. This is what speculative stocks are all about; no guarantees with certain risk and lots of controversy. So where is the price going now, and what are we going to hit with the next results?, are no doubt questions on everyone's mind. The risk at this point price wise is much less that at $3+ so if NWI continues to hit at least what it has in the past, it is very wise to "load up" and stay in the play. If they hit a larger zone or prove some continuity of the current one, the price will easily go over $2; if they miss, it will drop to ~$.70, so the risk/reward is good. What are they going to hit? I still believe the rich holes found and the large halos are very important indicators to find economic zones in the area. I believe Charters and others have the best description of probably many 4-5 million Tonne deposits ( and maybe one much larger one) in the area; not necessarily all on NWI's ground, but most probably the majority. So if this is true, in the end, the FP and stories like that (Mineman) are all crap and , at this early stage, should not be taken as the ultimate truth. Another two-four weeks will tell us enough to start making reasonable statements as to what is really there. Keep up the good objective accounts, everyone. This is a perfect learning situation for any investor in the mining sector! Look at all the hints; large halos, RICH pools, complex folding structures. This one is far from over.
