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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Tom Frederick who wrote (12488)4/30/1998 5:19:00 PM
From: mark silvers  Read Replies (1) of 20681
 
Tom

<<If Naxos can show an overall average of .1 or better on the rest of the BD holes as well as the new program, how much of that program will we need to get through before we start to see more serious interest by the industry and the market?>>

There is no way to tell. If you drill enough holes and the results all come back within a range of decent to good, at some point you will gain credibility. Is that critical mass five holes, ten holes , or all 68 holes? I don't know. My guess, bsed on absolutely no knowledge(so take it for what its worth) would probably be in the 10-15 hole area.
T
hat is only a guess, and I reserve the right to change it in order to make myself look better:-)

Mark
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