Nuinsco's comments from their WebCastRene Galipeau - speaker. Some quotes, Shareholder webcast available on www.nuinsco.ca
"Chibougamau is a mining camp. We have a junior company Campbell Resources basically controlling the mining camp."
"More importantly we end up getting a fixed percent interest in Corner Bay. Corner Bay is a high grade copper property and we're going to mine the upper portion of it. So within a year we plan to have this in production."
"This will be Nuinsco's first operating asset (Corner Bay), so we're pretty excited about it."
"Also we have an informal agreement or understanding that we'll participate 50-50 in any new project in the area."
Campbell Question on Sharevalue.
"I'm not sure its appropriate to comment on a value on another company's sharevalue. But we probably wouldn't be holding it if we thought it was (laugh) overvalued at the present time would we. (laughs from the attendees at meeting)"
"We can acquire up to 29% interest (19% more) so we have a fair amount of leverage for Nuinsco shareholders so we're enthuised about what might happen there."
"Campbell of course is still under creditor protection, their still under CCAA protection, so I'm not sure when they'll come out of that. My bet is that it is not too far in the future because its been a long time but I don't think very much is going to happen until that time that they remove that cloud."