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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Larry Macklin who wrote (13523)6/13/1998 4:06:00 PM
From: Charles H Donahue  Read Replies (1) of 20681
 
Larry, I assume that you calculated at 150'depth. Although not assayed beyond 150' , I believe that the sediments are 300'+ in depth thereby doubling your estimates. Even given 40m shares, using 300' would make a $26 price. Not bad for a small section of the playa. In any event this should prove out the validity of the dirt and the worthiness of going ahead with the project.
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