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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (5684)	11/17/1997 9:49:00 PM
From: GlobalMarine	of 20681

Mark: If the Johnson method proves to be The One, we can count on Barrick, Newmont and other seniors launching takeover attempts. I'm not worried that Jimmy would decline a takeover bid that represented the fair value of the entire playa and the Johnson-Lett process. Given that you can't determine a price on the latter, maybe Jimmy would just sell Franklin Lake and continue on with the rest. Rand P.S. IPM wore me out...I'm tired of speculating on the speculation. One cannot count on anything concerning the DDs anymore except COC and third-party engineering reports.

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