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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Tim Hall who wrote (6685)12/9/1997 8:30:00 PM
From: Eric Tai   of 20681
 
thall,
the Busang property is located in the Bornea island which is in
the famous Pacific Rim of Fire region and contains many
large gold mines. In the Bornea island and not too far from the Busang property is the Kelian mine operated by the large mining company RTZ which can produce 300,000 oz/year of gold.
Near the Kelian mine is the Mount Muro mine operated by
Aurora Gold and is producing 125,000 oz/year of gold.
In the nearly Indonesia and Papau New Guiea islands
are many many huge mines such as the Ertsberg mine, Lihir mine,
Ok Tedi mine, Porgera mine etc all operted by large mining companies.
Also there are also numerous junior minig companies exploring in
thoses islands.

Bre-X is a fraud does not imply that all or any of the above are frauds.
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