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

To: mark silvers who wrote (12253)4/24/1998 11:02:00 AM
From: Alan Vennix  Read Replies (2) | Respond to of 20681
 
<<The tight grid area is believed to have 2.2 tons of ore down to 40 ft. That equates to 27.5 tons down to 500 ft.>>

Mark,

Don't know the size of the "tight grid area", but I hope it contains a lot more tonnage than this.<g>

IPM's Black Rock property was estimated to contain 50,000,000 tons of ore per sq km down to a depth of 30 meters (100'). Densities may be different at FL but this should be an approximate tonnage figure per sq km to 100 ft.

Alan



To: mark silvers who wrote (12253)4/24/1998 11:30:00 AM
From: Tom Frederick  Respond to of 20681
 
Citydi,

I thought the same thing. But with a bid ask at 3 and 7, that would cause one to pause anyway. Something doesn't sound right about that. Maybe its the same person who gave us a close at $1.75 a few weeks ago!

Tom F.


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