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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Doug Meetmer who wrote (6341)12/4/1997 4:15:00 PM
From: Carlo  Read Replies (1) of 20681
 
Doug, in your mind, how many oz/ton gold do we need to support $8/share?
Here's a crude simplistic approach.

If we look at IPM's share price where 0.03 opt = $1.25/share (on a much, much smaller ore body) ,

then Naxos only needs 0.192 opt to make $8.00/share!! Merry Christmas!!

Also, we do have a working mine in Venezuela.
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