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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: mark silvers who wrote (6186)12/3/1997 11:50:00 AM
From: Jan A. Van Hummel  Read Replies (2) | Respond to of 20681
 
Mark,

While 0.1 OPT would still be very respectable indeed, given the precarious
state of the gold market, it would be a more challenging task to come to
development. The higher the OPT the more economical the recovery and the
greater the change that Naxos will be able to position itself among the
lowest cost producers and development will happen then.

Platinum is a totally different story. With a relatively balanced supply/
demand market with prices around $380, any recoverable presence will do
great things for Naxos. Any other PM's then would be a bonus.

JMHO

Jan


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