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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Carlo who wrote (14087)7/8/1998 4:12:00 PM
From: Henry Volquardsen   of 20681
 
Carlo you are correct to say not to be to quick to judge Carl's letter. But we should also not be so quick to accept it on face value. As several people have pointed out there are direct contradictions between Carl's letter and what he has said directly in conversations.

I would like to ask him what he thinks of CPM. I wonder how he thinks CPM will respond if conventional assaying is dropped in favor of returning to the J/L process as our sole methodology?

Being a cynic, I am also very interested in what Carl's motivation for this move might be. I have heard that Austin Lett was in a lengthy discussion in an AOL chat room with several Naxos investors last night. Someone asked if Carl had a financial interest in the Johnson Lett partnership. At that point Austin decided it was bed time. Why didn't he answer the question?
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