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

To: Charles H Donahue who wrote (13531)6/13/1998 4:45:00 PM
From: Larry Macklin  Respond to of 20681
 
charles,

You are correct that the sediments are 300+ feet. However,technically,naxos is only allowed to infer a resource down to 150 feet of the 40 hole drill program. I only used 150 feet to calculate the 57 million tons of ore for that reason. Of course, the market can speculate beyond the inferred resource . I certainly hope it does!!!!

Larry Macklin


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