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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Kim W. Brasington who wrote (9152)2/17/1998 2:30:00 PM
From: Tom Frederick  Read Replies (1) of 20681
 
Kim, Thank you for your posting. It seems that Naxos will have a very good idea of the contents on 7 square miles of the playa. Even if this only provides the first level of reserve estimates, if there are consistant numbers coming throughout the drill program (I assume that testing happens at every stage and information flows continually once drilling starts) we should see a dramatic affect on the stock price at that time and throughout the drill program.

Thanks again.

Tom F.
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