To: stockid
From: carl
Tuesday, Mar 3 1998 1:51PM EST
Here's some info on NAXOS Resources (NAXOF), a junior mining stock OTC:BB. A stock now at 4 - 5
with a thread of true believers who think the stock is going to 3 or 4 figures PDQ and who have seen the
company develop their claim for 8 years and are convinced it is NOT A SCAM.
Bottom line, this company now has - see most recent 4/5 announcements -COC CERTIFIED results (3rd party
verification) that will give it gold reserves that will exceed 3 BILLION ozs (I'm using 2.0 B tons of material at
an average of 1.72 opt). This will give this company well over 50% of all the gold reserves, both mined and in
the ground, in the world, as I understand it. See NAXOF thread on Silicon Investor, Post # 5031 for
confirmation of this claim. Even more important, this company should soon announce platinum group
numbers (PGMs) that are probably greater per ounce than the gold,. This level of platinum is also alluded to in
the 12/10/97 company announcement - see Yahoo. The platinum reserves, if successfully mined, will give this
company the platinum market, hands down, as in Post 5031. I know this sounds too good to be true, but from
my DD I am comfortable that this is the case.
A few posts that you might want to look at first on SI - anything by Tom Frederick, Henry Volquardsen,
Jerrard Pearson or Kim Brasington (Kim is the company's rep to the thread). Here are a few other posts I
found of interest - ( Fyi, I read sporadically from 1 to 4000) - a few around 2000, 3642,4343,
4575,4646-4652, 4656, 4854, 4938, 4947,4951, 5031*,5148,5152,5187,5210, 5234,5244, 5992,*6012* ,
6420,6434, 6589, 7198, 7225,7339, 7371,7408,7521, 7603, 7641 & 2, 7659,7778,7781,7787, 7848,7856,
7903,7917*, 7924, 7959*, 8073*, 8098, and 8115 thru 8128, 8223,8330, 8531*, 8532*, 8571*(Bre-X
comparison), 8591*, 8624*,8736*, 8883,8836*,9047, 9048, 9060, 9083, 9106*, 9112*, 9147,9152,
*9300, 9307*,9313*. This list will give you the meat of the situation, with those with an * being major,
IMHO. As to the potential of this investment, I actually believe that the post below may prove accurate if the
Johnson Methodology can reproduce the lab results in a scaled up 10,000 ton per day plant Let me know what
you think should you look into it. All the best, stockid.
Carl Schrock
To: Eric Tai (6937 )
From: Steve Skapik Thursday, Dec 11 1997 12:27AM EST
Reply # of 7040
To all,
I imagine that many are finding it hard to digest this recent piece of
news. I went and had a couple of cold ones and tried to figure out what
was missing. My conclusion was that we are missing a post (although I'm
sure there is one imminent) from Tom "Carl Billions and Billions Sagan"
Frederick. So let me make a first pass, just for fun, of the $
implications of what we have heard tonight:
Lets say 3 oz/ton Au and oh what the hell, 3 oz/ton PT
To make the math easy we'll stipulate that these PM's average $300 per
oz
Further lets go with just the 10,000 tpd plant that was mentioned
previously
Now because we're all so considerate we only expect the plant to operate
250 days per year
With the average cost of $100/ton
that suggests net profits of $4.25 billion per year
Now there will be some dilution so say 50 million shares outstanding so
Earnings before depreciation, interest, taxes, etc. of $85/ share
Well I guess we need add some appropriate multiple and there you have it
~$1000 per share
Wow, that was fun,
Steve |
