SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Nuinsco Resources (NWI) -- Ignore unavailable to you. Want to Upgrade?


To: Marek who wrote (3815)4/28/1999
From: Brian Fowler  Read Replies (3) | Respond to of 5821
 
Well..well...well...got a few responses from that short piece!
Well let's see...the stock was 22cents...they had ONE good hole (the rest of the good ones were drilled within 25 meters of it) and all the rest were marginal. Their last round of drilling pretty much sums up that any strike potential doesn't exist. Their seems to be a VERY small high grade pocket within a much larger envelope of lower grade sulphides which is clearly uneconomic.

The stock has fallen from $4 a share to 66 cents and won't move upwards now unless they get lucky on another target.

Sorry Boys...didn't mean to rain on your parade, but...yes...the play is DEAD.

Brian Fowler
Mining Referee
(hee hee)