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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Alfonse Rossi who wrote (4204)9/23/1997 4:48:00 PM
From: Richard Mazzarella   of 20681
 
Alfonse, << I personally am not interested in the gold, process to mine or whether it can be done economically>> You should be because the price will go nowhere without a good possibility of producing earnings. I know I sound like a broken record, but GPGI with 8 OPT can't produce earnings yet. That's why their stock is <$2 today. The market is smart enough to understand that just an assay for precious metals is not enough unless a cost effective extraction method is demonstrated. IMO, compared to all the other dirt's, assay for Naxos is already in the price.
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