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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Henry Volquardsen who wrote (8118)1/14/1998 4:01:00 PM
From: KRosenfeld  Read Replies (1) of 20681
 
Henry,

I believe that this is your work and I have a question.

"The one year
factor is .943396226415094 and says the market would value first year reserves at
$471,698,113. The 30 year factor is .174110130910634 which gives a value of
$87,055,065. The 200 year factor is .000008686142443 which gives a value of
$4,343. The 356 year factor is .000000000979743 which gives zero present value.
So close to 2/3 of the reserve would be so far away on the production curve that
their current value would be zero. "

Henry,
Why are you using 15 sigfigsfor the first 30 years factors, but only 10 sigfigs for 200 years, and 6 sigfigs for 356 year factor. VERY SLOPPY:~).

Ken
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