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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: Hunter Vann who wrote (2125)	1/13/1998 4:34:00 PM
From: M. M. Jones	Respond to of 4736

Hunter, did you take special courses to learn how to be so unpleasant, or does it just come natural? M.M.

To: Hunter Vann who wrote (2125)	1/13/1998 8:50:00 PM
From: alchemy	Read Replies (3) \| Respond to of 4736

Hunter, thanks for reminding me of the Gruy engineering report. (So, you are good for something after all. That's my affirmation for you today.) Where is Gruy gone to? It should be done by now. Individual investors really don't give a damn about agreements, alliances etc. All that we care about is money, income, cash flow. A penny stock investor is generous when they give a multiple more than 1 x earnings to startup companies. The Gruy engineering report will set the stage for how the market values NAMX. It should give us an idea of the income for the next three years from this asset and we "should" be able to get back to creating an EPS for this company. If the report supports the earlier estimates, we should have more than enough income to take the EMSounder around the world. Also with future earnings assured, we are more likely to reward income producing companies with higher multiples. And with a first quarter earning report in April, we'll know everything that we've always wanted to know about NAMX and have been asking for over and over again for nine months. Hunter, the last press release covered a few countries that NAMX is in contact with. Here is a little research that I performed to familiarize myself with the global possibilities of this company. Some of them are developing nations that desperately need cheap fuel (Phillipines, Ghana and Angola). The EMSounder may help these countries attain cheap power which is the driver of any developing economy. Other countries on the list such as China and Malaysia are desperately seeking oil to maintain double digit growth. I believe China is shooting for five years of 20% growth in their GDP. They'll need a lot of oil to make that happen. At any rate, I tabulated the crude oil production for the countries mentioned in the press release just to see what types of countries we may be dealing with in the near future. The weakness of this analysis is huge. I could not find any worldwide totals for gas production. The EMSounder can locate hydrocarbon deposits in the form of gas, oil and coal. Where there is oil, gas is often nearby. The countries mentioned represent around 9% of the world production of crude oil. I would suspect that once we have located gas or oil for any one of these countries, more will be knocking in much the same way that UPR came back to the table after the Neb.find. Crude Prod Mil. Tons 1991 Angola na Ghana na Morocco na Nigeria 86 Azerbayjian na Baku na Kuwait 60 UAE 102 Romania 8 China 138 Indonesia 70 Malaysia 30 Phillipines na Brazil 33 US 371 Total 898 World Prod. 11771 PS: I wouldn't bank on any of these coming on line in 98. 99 and beyond will be more likely. That is why I think this company has the potential for rapid growth over the next six years.