This is not the time to liquidate, really not, really notNo logical reason to be afraid and rush to liquidate NWI, as some have been doing for some time.
I have been watching this company since 2013 (like probably many of you) and I am very confident in the behaviour of its leaders. In addition, they are involved in it by their very significant personal investments, that is to say more than 15% of its actions. Patience and perseverance give advice, more than haste.
MDA September 30, 2018 :
Nuinsco management is optimistic about the Company’s future. The Company is actively working on all three projects within its project portfolio and results obtained from the work have been very positive. Management will continue to advance the projects at the quickest manageable rate.
The past few years have been challenging for the Company and its shareholders. The decision in 2015 to voluntarily delist Nuinsco shares from the Toronto Stock Exchange was made for good reason – the high costs of sustaining a TSX listing could no longer be justified (SEDAR: Initiatives to Preserve Cash and Property Assets, Toronto, May 04, 2015). With minimal cash in the treasury and a difficult financing market for junior exploration companies, management made the decision that preserving cash, retaining the ability to conduct work on projects as necessary and conducting evaluations of new opportunities to enhance the Company’s property portfolio must take precedence over the continuous public listing of its shares. Management believes that decision has proven to be justified and the Company expects its shares to commence trading again shortly.
In the interim Nuinsco management has monetized non-core assets in Chibougamau, Quebec (CBay) and Saskatchewan’s Athabasca Basin (Diabase Peninsula). It also acquired the Sunbeam Gold project in northwestern Ontario - a high-grade gold opportunity with easy access that has seen no exploration for over 100 years, has known gold mineralization that is open in to depth and along strike and is located within one of several gold-bearing structures that are known to be at least several kilometres in length. Further the Company is now evaluating the El Sid gold production opportunity in the Eastern Desert of Egypt – it has the potential to quickly generate cash flow with low capital costs and give the Company a measure of independence from the ups and downs of the equity markets
Since de-listing from the TSX-V, the Company has focused on cleaning up its asset base by monetizing its non-core assets and adding a new suite of projects that management feels hold significant value, at affordable carrying costs . With this accomplished, the next step is to finalize the listing of Nuinsco’s shares on the CSE and commence trading again. In addition, management has substantial field work planned for the coming year as a follow-up to work conducted over the past several months and currently underway. When final results from this work are received, they will be released, however preliminary results are sufficiently encouraging to plan for substantial further work.
Management and the Board of Directors appreciates shareholders continued patience and support as we endeavour to advance the Company and its assets. 2018 has been a year of hard work and 2019 represents a new beginning for Nuinsco. Management has protected the Company’s assets, identified and added new opportunities and will continue to make every effort to create value for shareholders. The sincere hope is that shareholders will see the potential in Nuinsco’s strategy, projects and programs as we enter the next exciting chapter of your company’s growth.
MDA September 30, 2019 :
The Company has progressed with technical aspects of the El Sid project with the intent of satisfying a determination of economic viability – to this end geological, analytical, metallurgical, process design and capital costing activities have been, and continue to be, conducted. Funding to build the project is a priority and the Company is actively searching for funding sources. As reported previously El Sid is a gold recovery opportunity with low capital requirement that has the potential to quickly commence operation using readily available processing equipment to exploit already mined and crushed goldbearing rock that is piled at surface in a logistically favourable location (adjacent to a paved highway) approximately midway between the Red Sea coast at the town of Quseir and the Nile Valley.
The Company has focussed on the El Sid project because of the project’s potential to provide quick access to cash through the revenue generated from the simple, low-cost, processing of the gold mineralized rock. Management’s view has been that the El Sid project can provide the necessary non-dilutionary funding that can be used to operate the Company and it’s projects and allow for the acquisition of new opportunities.
The Company continues to seek ways to to build the El Sid project and exploit the available resources. The logistical simplicity of the project and the low capital requirements provide opportunities and versatility to developing it. All sensible and viable options are being considered.
Elsewhere Nuinsco continues to work on the Sunbeam gold project near Atikokan and the Prairie Lake phosphate-rare earth-niobium-tantalum-agricultural additive project near Marathon – both in Ontario. Management believes these projects provide good exposure for the Company to a number of mineral commodities and are prospective for discovery or development. The Prairie Lake project in particular has good potential to become a substantial source of a simply-produced soil amendment product that has wide agricultural applications – given the fundamental nature and the enormous size of the global agricultural industry this really is an important development for the Company.
| Name | Equities | % |
| Paul L. Jones 2013 | 34,940,493 | 8.09% |
| Ren Ral Galipeau 2013 | 20,236,591 | 4.69% |
| Sean Stokes 2006 | 5,215,806 | 1.21% |
| James M. Franklin ,Dr 2018 | 4,818,670 | 1.12% |
| Robert G. Wardell 2018 | 949,760 | 0.22% |
| Raymond Goldie ,Dr 2015 | 500,000 | 0.12% |