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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Brian Hutcheson who wrote (7094)	12/12/1997 12:40:00 AM
From: GlobalMarine	of 20681

<<If they get the sense of what is developing in So.Cal it might bring them out of the woodwork in a bidding war .>> These senior golds know what's happening, Brian. IMO, they're sitting back and observing what's happening, waiting for proof that DD mining is economically feasible. The seniors are known to prefer paying top dollar for a sure thing over paying less for a risky deal. No one's demonstrated profitable DD mining yet, so no CEO of a senior gold would want to risk his salary, bonuses, perks and so forth on a DD speculation right now. When it becomes a sure thing, we can all retire! :o) Regards, Rand

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