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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Jan A. Van Hummel who wrote (19538)7/25/1999 6:48:00 PM
From: Kim W. Brasington  Read Replies (3) of 20681
 
Jan:

The USGS report was derived from a 350 foot hole and several shallower ones. The Lithium content appears open to depth. Last year a European firm bought out the Lithium division of a North American Corporation that included an older U.S. mine, a South American mine and a processing plant on the East Coast of the U.S. The European firm paid $500 million for the Lithium division. I still have not found out the price per pound of Lithium in 1980, but will keep trying.

Thanks,

Kim
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