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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Karl Zetmeir who wrote (18302)3/31/1999 11:14:00 AM
From: Richard Mazzarella  Read Replies (2) of 20681
 
Karl, IMO before you start dancing in the streets, have you considered the "cost" for the J/L merger? That's going to take considerable dilution which may or may not be offset by pilot plant production. There will be considerable doubt on the economics until either they have been operated for some time to determine costs, or get an outside mining consultant to verify process. If J/L costs ~$200/ton (a number rumored before on the J/L process) on 1 OPT, add some overhead and other expenses (environmental, legal, etc.) and mining becomes marginal. I own MGAU, but my dancing shoes are out being repaired. <VBG>

PS, I'm posting to this thread because I don't want to spook Bradley or anybody else long MGAU. Nobody interested it stock appreciation reads this thread, just people doing penance. It's obvious that this thread has become a general message board since nobody's interested in NAXOF, precedent being 26 non topic posts and no NAXOF trades.
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