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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!
NAMX 0.00010000.0%Mar 7 3:00 PM EST

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To: Big Bucks who wrote (2718)2/21/1998 5:12:00 PM
From: Cug  Read Replies (1) of 4736
 
Big:
Further to your final observation I recall Paul Ebeling stating that NAMX is not an oil and gas exploration company per se, but that its main thrust is as mapping company. He stated that the equipment which the company uses in its mapping process is extremely expensive to build, and is generally mounted on a certain type of airplane, although it can also be mounted on a helicopter for smaller jobs, if need be. As a result the contracts which are being negotiated
involve extremely large sums of money, and if I recall correctly (which I believe I do), a percentage of what is found.
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