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

To: Midas who wrote (3530)	4/24/1999 10:14:00 AM
From: 4TNiner	Read Replies (2) \| Respond to of 5821

Hi Midas, the way I see it and perhaps I am wrong is this: 1) Three drills were talked about in the beginning but NWI IR indicated that only two were on site. I asked Olev about this two weeks ago and he still maintained two were on site. i followed up with him this week and he said that three were now there. This was an important point as many on the thread were looking at this as a sign of committment that NWI was going to complete its full investment. A guy I know who is in the investment business in Rouyn also heard from a helicopter pilot that a drill was brought in. That is what I know on this. 2) I understand that they are drilling deeper than what you have indicated and that this has delayed core analysis. You could be right but this is what has been told to me. 3) Agreed on increased activity, three drills turning, a race to complete as much as possible before the break up. Have said this several times myself over the last week. 4) Small lot purchases suggests individual investors picking up the offerings. 5) Land acquistion rested on exercising option with the prospectors who originally offered it to NWI. NWI was under no obligation to take this land and would not have done so if the geology was poor. This according to NWI IR. Cost as I see, $60,000 cash, 100,000 in shares which on Monday were worth appx. $1.10 and staking fees which in estimation puts this thing in the range of $200,000+. 6) NWI in my opinion will JV or sell to the the best suitor, ie. FAL & INCO, if the ore is found to develop a mine. The management of NWI I do not htink at this point in their careers are looking to own a mine. You can bet that FAL & INCO are keeping tabs on this not just to gain the access to a smelter. Why did INCO blow its brains out against FAL at Voisey Bay. You raise a very good point though by your decision to question my posts. My info is likely the same as yours. It is coming via a pipeline that may be tainted. Anybody reading these threads should take everything with a grain of salt. It is not that the writers are purposely trying to mislead it might be that there info is faulty to begin with. I use this thread to see what others are hearing and to compare if it is similar in context. Like you I also receive many whispers and throw some of these on the public vein to test their validity. Stay well and have a nice weekend.