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


To: 4TNiner who wrote (2827)4/1/1999 1:06:00 PM
From: Brumell  Respond to of 5821
 
I was a little worried last night about yesterdays low-ball buys. Looks like they were good afterall.
Something is going on. This trading is unusual.

Bob



To: 4TNiner who wrote (2827)4/1/1999 1:22:00 PM
From: dean poets  Read Replies (1) | Respond to of 5821
 
Probably just a dead cat bounce today! Notice the volume today is only about a quarter of what it was the previous few days when the stock was falling apart.

People should do a little comparison between NWI and Zappa resources:

Zappa has a property in which they are finding high grade massive sulphide over 10 meter intersections, of which this zone has been extended a couple hundred meters in length. Cambior controls 51% of the property, and have only drilled 30 holes to date. Some of the grades found to date are 13% copper over 10 meters, 11% Zinc, 18 grams Gold, 65 grams Silver. The grades are averaging $150.00 US. NSR, and there is about 1 million tonnes already proven. Zappa is only trading @ 8-11 cents a share, with only 24 million shares outstanding. Zappa has roughly 1-1.5 million in cash and shares of another junior company(EMC).

The biggest thing holding Zappa back is Cambior's finnances. Cambior was discussing a 50,000 meter drill program back in November, but they had to change plans do to low prices of metals and their poor financial state. Expect Zappa to rocket once a drill program is announced.

NWI rocketed to over $150 million market cap on the discovery of 1 high grade intersection of 3 meters. If you compare metal value of NWI's 3 meters to Zappa's 10 meters, you get almost the same value. Zappa's lense is still open on both ends, is NWI's?

Dean
PS. I hope I'm not offending anybody with this post, I just want to show a simple comparison.