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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: KRosenfeld who wrote (4398)10/7/1997 12:02:00 PM
From: mark silvers   of 20681
 
Kr
That's what I was trying to say. What if Snow is wrong by a factor of 300%, heck even 400%. You still come out at $200/ton. Now what if further recovery testing shows that the 3.0 opt/gold equiv. holds up?
You get $1,002 per ton. Very interesting stuff indeed. The only problem is that we have zero proof that the $50/ton figure is even remotely correct. It doesn't hurt to dream though:-)

Mark
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