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

To: jlallen who wrote (13684)	6/18/1998 11:43:00 AM
From: mark silvers	Respond to of 20681

JLA, I have to disagree with you. The share price is where it is because of the current reality. It has nothing to do with credibility. At this point, we have no reserves, no recovery method, and only the beginnings of proof of what may/may not be present at FL. Given this, a market cap of 90 million dollars is VERY fair. Why do you assume that it should be higher? It got up to higher levels previously on complete over exuberance based on the J/L process. We are now back to reality. Mark