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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Jan A. Van Hummel who wrote (8127)1/14/1998 3:20:00 PM
From: Henry Volquardsen  Read Replies (2) of 20681
 
Jan,

at the peak Bre-X was not trading on the basis of 70 million ounces in 'proven' reserves but on wild market speculation of reserves in excess of 200 mln ounces. And as I said earlier, markets overshoot in both directions.

Henry
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