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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Larry Brubaker who wrote (8727)1/30/1998 1:19:00 AM
From: sh  Read Replies (2) of 20681
 
Larry, I must say you are a quick poster! Naxos' 5 tons per day is obviosly a test production run, not a full fledged production program. Once the real production begins, assuming Naxos turns out to be what most of us believe it is, Maxam's estimated reserves of 10 million (?) ounces of gold will continue to look paltry. Anyhow, I really don't know much about Maxam or its estimated cost of production. As I said earlier, I'll leave that one alone (at least for a different thread).
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