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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: KRosenfeld who wrote (8318)1/20/1998 10:54:00 AM
From: Larry Brubaker  Read Replies (1) of 20681
 
<<I understand your reasoning about market cap but do you believe that Naxos, Maxam and the others are "all or none." By that, I mean, don't you think that the stock of these companies is either going to go very high based on the ability to put PMs on the table or sink to very low levels (aka - Close to zero) with no ability to put PMs on the table.>>

Ken: Yes, I believe any of these stocks (Naxos included) has the potential to go much higher, or alternatively, be next to worthless. As far as the latter potential, I doubt whether you will see a press release from any of the dirts saying, "well we tried but it didn't work." Instead, the end would come when the company can no longer raise money from investors to continue operations. From that standpoint, Naxos is the strongest right now because they just raised a much larger chunk of money than any of the other dirts has recently.
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