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

To: 4TNiner who wrote (3531)	4/24/1999 10:22:00 AM
From: Just G	Read Replies (1) \| Respond to of 5821

4TNiner: I also questioned the third drill, also told by nwi and a souce, that third drill only arrived on property last week. Have also been told that three majors are keeping close tabs. Others must realize, that when the application has been made and approved ( flood rights), you have ninty days to exercise the right, or it is null and void. Regards G

To: 4TNiner who wrote (3531)	4/24/1999 10:58:00 AM
From: Midas	Read Replies (1) \| Respond to of 5821

4TNiner: I too relied on Nuinsco IR and the bush grapevine for my information but discovered (as a post by Bob Brumell suggested) that you can't believe everything these sources tell you. The specific problem I ran into was that I kept getting different press release dates every time I called the IR. To get some facts about Nuinsco, I went to the horse's mouth (Brummell's suggestion) and talked to Doug Hume late Thursday afternoon. Most of the points I made in my previous post are extracted directly from the conversation with Doug. A few comments are based on my own experience/perspective gained from doing and managing exploration programs. With regard to your comments # 4 and 5, these are a matter of perspective. #4 - I see a lot of small share sales at month end with prices dropping and conclude it is the usual month end crunch taking out small shareholders. Of course someone is doing the buying, but this could be either small investors or various houses bottom feeding. #5 - The cash cost for the claims is $60k - the paper has no real cost to the company. Midas