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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Ed Huang who wrote (5718)	11/18/1997 8:48:00 PM
From: Eric Tai	Read Replies (1) of 20681

Hi Ed, Jay Taylor recommended IPMCF at @2 7/8 in Dec 96, so it is a breakeven reco so far (closed at about 2 11/16), but he is still holding onto that one, so don't know what will that reco turned out to be yet. He recommended Naxos at $2.52 in May 90, so it is a 3 bagger for him. Because he has nearly 40-50 stocks in his reco list, he will always have some multiple baggers and also some 0 bagger (total loss). Any one of his reco may be real good or real bad and cannot really represent his total recommendation. A better performance checking will be the yearly portfolio performance review. His junior mining stocks list's year to date return is about -23.3%, which is bad but also reflects the junior mining stock market and is similar to some gold stocks newsletters.

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