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


To: Just G who wrote (3528)4/24/1999 8:44:00 PM
From: Natrav  Read Replies (1) | Respond to of 5821
 
The news out on Monday is neither great news nor bad news. It is just progress. No, they have not found the larger deposit. But they have found nickel in almost every hole. Not high grade stuff of late, but enough to indicate they are on the right track.
I suspectthe stock will weaken to about $0.60-$0.70 as the short term players move on. The big news could if we are fortunate come at any time. Either in one week or in 10. They now have 17000 acres of scrub to deal with. It will take some time.
As Doug says, all the experts (N and FL experts) tell them that the larger deposit is there. WE may just have to wait.