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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Jan A. Van Hummel who wrote (4392)	10/7/1997 10:30:00 AM
From: mark silvers	of 20681

Jan, It is your viewpoint that I probably most agree with on this issue. I do disagree with one thing. In a previous post you stated that Naxos would have to show economical recovery costs somewhere in the range of the industry average. I disagree. The average potential mine does not show grades of gold equivalent opt anywhere remotely close to what we think Naxos is showing. Therefore I think Franklin Lake could prove to be wildly economic even with costs way above the industry average. Any comments/thoughts would be appreciated. Mark

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