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

To: Jerry in Omaha who wrote (12016)	4/19/1998 7:03:00 PM
From: Kim W. Brasington	Read Replies (1) \| Respond to of 20681

Jerard: OFF THE SUBJECT I track some of the majors, and it is interesting to me to see some of the data that they have in their public information. Barrick for example has 50.318 ozs. Au in the proven and probable reserve category. Their proven and probable reserve ore tonnage is close to 500 million tons. Homestake has 17 million ounces Au within the proven and probable reserve category with another 4 million (gold equivalent) ounces of silver which would give them 21 million ounces of gold and gold equivalent. Newmont has almost 53 million ounces Au - proven and probable, with over 2.2 billion tons of ore that are proven and probable. Placer Dome has 31 million ounces of gold that are proven and probable coming from over 500 million tons of proven and probable ore. Among these four companies, the grade of gold can be as low as Newmont's Batu Hijau mine in Indonesia which is .012 ounces/Au per ton to as high as Homestake's gold content at Eskay Creek which is 1.693 ounces/Au per ton. As a normal rule of thumb, the higher the gold content, the smaller the deposit. If you toss out the few deposits that are over .5 ounces/Au per ton (5 out of 47 that I looked at), then the grade is lower than .2 ozs./Au per ton. Regards, Kim W.

To: Jerry in Omaha who wrote (12016)	4/19/1998 7:40:00 PM
From: ShoppinTheNet	Respond to of 20681

PJ, I do not think that David was saying the farmer should not plant this season because last year was bad. Having both parents come off Minnesota farms, I know the farmer optimism. I think what David was talking about was the farmer standing in his river bottom field, as it is raining cats and dogs, the river is raising to crest four feet above his newly planted corn crop, and he states with a dazed look in his eyes, its going to be a good harvest this year Olie! As per the stock price, they say about the same thing in the soft drink industry about the Neilson ratings (they rate TV shows and sales of soft drinks and display activity in super markets as well), when they look good for you they are gospel, when they look bad for you, OH you can't believe those thinks, they are totally inaccurate. Never discount the movement of the price as immaterial. It may be, but if your wrong the lesson is never a fun one.