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

To: Jan A. Van Hummel who wrote (11792)	4/14/1998 3:45:00 PM
From: citydi	Respond to of 20681

Dear Jan, Great post. Citydi

To: Jan A. Van Hummel who wrote (11792)	4/14/1998 4:07:00 PM
From: jlallen	Read Replies (1) \| Respond to of 20681

Good post Jan. However, even if the multiple OPT numbers never are seen again (assuming the J/L process can never be perfected) if you extrapolate the current numbers (dangerous to be sure) in relation to the size of the playa down to a depth of only 300 feet my rough math yields a figure of 280 million ounces of gold alone. Obviously those numbers need to be proven out but the stock still has attraction as a pure speculative play with huge potential. If Kim is correct about a "plethora" of other minerals being present to offset recovery and maybe even add some profit, we are in the same place as when we thought we might see multiple OPT. As in any spec. play, IMO the issues are time and results. How long do you leave the money at risk? I see improving fundamentals. Question is are you willing to wait as long as it might take. I myself have been guilty of impatience (joining the Children's Crusade as Henry says). Seems to me its just a question of time although as in any spec. play the risk of failure is still present. JLA PS My numbers are rough and I'm not a bean counter. If any of you disagree, point it out without flames.