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

To: W.F. Schwertley who wrote (12298)	4/24/1998 7:44:00 PM
From: mark silvers	Respond to of 20681

WFS, I can appreciate your intent, but IMO, its still the wrong way to look at it. IMo, you are comparing apples to oranges. In order to value the whole hole, you have to have the results from the whole hole. Ledoux is using the same process and same techniques that they used previously, so you have to take all their test results on the hole in order to value it. If they numbers at different depths come out higher or lower, that is what they got and what they have to use. Six weeks from now, the market will not divide the test results into two parts when valuing it, soneither should we. In fact, the market will not divide it into two parts six days from now. they will just look(if the market even bothers looking:-) ) at the average number for the hole. mark