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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Henry Volquardsen who wrote (12139)4/22/1998 1:32:00 PM
From: soxan  Read Replies (2) of 20681
 
To Henry
From Soxan
As far as numbers from 1 hole goes,I would have to agree that 50 miilion would be to high a valuation.However I can live with alot of our past numbers that were not C.O.C. for purposes of valuation.We also know that there are other precious metals present.I'm not suggesting that you or any one else would agree,but I personally will not totally discount what Ray Steele and Sierra Labs provided us.As far as Shumway goes, .25 is within range of probability.You came up with 1-1.50 for just Venezuala.I was using 1.25 for both,I think we are close in agreeing.Hopefully soon new C.O.C. numbers on the old holes will help us out.
Soxan
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