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

To: Doug Meetmer who wrote (6341)12/4/1997 4:15:00 PM
From: Carlo  Read Replies (1) | Respond to of 20681
 
Doug, in your mind, how many oz/ton gold do we need to support $8/share?
Here's a crude simplistic approach.

If we look at IPM's share price where 0.03 opt = $1.25/share (on a much, much smaller ore body) ,

then Naxos only needs 0.192 opt to make $8.00/share!! Merry Christmas!!

Also, we do have a working mine in Venezuela.



To: Doug Meetmer who wrote (6341)12/4/1997 4:16:00 PM
From: CJ  Read Replies (1) | Respond to of 20681
 
Doug,

I am told that you will like the #'s. We're putting up the tree in the office right now. Go grab some eggnog!

C.J.


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