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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (4399)10/7/1997 12:52:00 PM
From: Jan A. Van Hummel   of 20681
 
Mark,

Admittedly, there is a lot of room to have still a low cost operation.

However, as you rightly stated we have zero proof thatr $50/ton is even
remotely correct. For that sake, Snow's estimate of cost has no relevance
whatsoever since it was likely based on traditional methods.

On the other hand it is too early to speculate on the cost the methodology
currently employed not knowing yet what the ultimate results are. We can
surely debate this lively once we have some more data available.

Jan A. Van Hummel
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