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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (3957)	9/10/1997 2:33:00 PM
From: Jan A. Van Hummel	of 20681

Mark, There is no threatening shortage of gold. You may want to revisit the following post: techstocks.com Mind you, assuming there is gold (and other PMs) and it is recoverable, the cost of recovery should be lower than the average of the industry. Evidently, the current lower gold prices are starting to render high cost mines obsolete. Given the global reserves and desire of the various countries to lighten up on their holdings, it is doubtful that the mines that are now being closed will be reopened any time soon, if at all. Jan A. Van Hummel

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