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

To: knight who wrote (16269)	9/15/1998
From: GlobalMarine	Respond to of 20681

Thanks, Knight. I don't have time tonight to do NPV analysis, but excluding time, taxes and discount rate, a very quick and dirty calculation reveals: 178 million pounds minable reserves X 25 cents cash profit = $44 million cash profit vs. $19 million capital cost = 130% return over the life of the project. If the project lasts, say, ten years, that's a 13% return a year. Not exactly laughing all the way to the bank, but not bad. With, say, 50% debt, the return might get to 20% a year. OK then, here's the big question...would His Sidship use the profits to finance further R & D work at FL as promised in previous press releases?! :o)

To: knight who wrote (16269)	9/15/1998 8:47:00 AM
From: Chuca Marsh	Read Replies (1) \| Respond to of 20681

<<<million tons at an average grade of 0.875 % copper at a cutoff grade of 0.22 % copper....>>> TNM says that the best cut off should hover around 0.70 % for economics last year as the price of CU went down from a Buck...to present low levels... Chuca Majic Number is nowhere near 0.22 % ( At Naxos it is a higher Number only Kim B presently the full info will let Uninformed Shareholders Know..see Jaba Thread Post this Min Crossed to Larry Macklin) Bye