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

To: matt who wrote (4077)	4/29/1999 9:29:00 PM
From: 4TNiner	Read Replies (1) \| Respond to of 5821

NWI is methodically drilling the area and has not yet moved into these targets as they have not completed there work here. One interesting point to consider re: the glory hole area, what if the fault dipped under the glory hole, say at 2000FT and we have in fact a high grade clubhouse nickel sandwich. We are all assuming that the fault is either side of the glory hole but what if it actually faulted and dipped under. A deep drill here in 99-01 could actually uncover a second zone. Back to the NWI approach. NWI has the coin so the short term value of the stock is meaningless to NWI. As a result they can plan their drill strategy and execute on their time table. What do they care if the stock temporarily drops. They believe their on to something. IF it drops and they are not then it won't come back. If they are then it will zoom back. The only people making money are those who day trade in the range that we have seen this stock fluctuate between NR. It tends to move about .30 of its low after a bad NR. If the next NR is bad it will fall to say .40 and then over the course of the next week will trade as high as .70 unless of course the next bad NR spells the end of this play. However, we have alot of ground to cover and money to spend so this thing will go on. The ore is there but the question is can it be found and does it plunge to far down to make it viable. The high grade stuff at 99-01 if there is more deeper below would be economic. But what do I know.