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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Lorne S. C. who wrote (5837)11/22/1997 8:54:00 PM
From: Missy Link  Read Replies (2) of 20681
 
I have to believe that the length of time to develop these numbers can only be positive. IF numbers are even close to IPM's we will still be waiting. The volume on friday tells me someone knows something and it is going to be impressive. What bothers me is others know but we get zip. Kim, a hint right now would be appreciated.

As to the possibility of the Naxos cartel, why not. If we have the most let us regulate how much to mine and sell. It certainly has worked for the oil producing countries. I certainly don't see gold returning to $150/oz but if we have a few hundred million ounces we all are still sitting pretty. Who else will be able to produce gold at our costs. Didn't the US have a pretty good oil economy at one time? It took Texas over a decade to recover from that loss. Call it global economy, and if the implications are going to be too great then we better get out before we go into production. Some group will try to stop us or buy us out.

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