Topic: How To Invest

I appreciate everything you and your company do. Thank you for the great advice and information. My question is about Northern Abitibi on the TSX. I have a friend who is a geologist and who recommended this company to me. Northern Abitibi has proven that the Viking property that they own has an abundance of gold. I am highly invested. What do you think of this company and its future? Thank you for your insight.

Article Excerpt

Northern Abitibi Mining, $0.15, symbol NAI on Toronto (Shares outstanding: 71.8 million; Market cap: $10.4 million, www.naminco.ca), is focused on exploring its Viking gold project in Newfoundland. So far this year, the company has completed a total of 9,735 metres of drilling in 58 holes. It has also excavated 13 new trenches, from which it has collected 985 surface samples and 243 soil samples. The company has intersected gold mineralization in many holes, including intervals such as 80.9 metres grading 0.8 grams of gold per tonne in one hole and 32 metres grading 1.8 grams per tonne in another. Northern Abitibi raised $1.2 million in a share issue earlier this year. It also received a government exploration grant. The company still holds cash of about $1.2 million, or $0.02 a share. That’s enough to sustain its drilling efforts for at least the next year. The company’s drill results give it some speculative appeal, but it’s still a long way from finding a..