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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Carlo who wrote (14087)	7/8/1998 6:24:00 PM
From: Herman	of 20681

Carlo, this looks to be Competition and Democracy at its finest. I firmly agree with you that we should not dismiss or prejudge the Carl Campbell letter. Reports are due from BOTH camps prior to the AGM. I'm holding my proxy until more information is released. It appears that we have a we have a horse race going here. Both parties obviously agree that Naxos has a tremendous, undeveloped assets, that contains huge amounts of precious metals and are going about it two different ways. Both going for the same goal-PROVING THE RESOURCE. I hope they both are successful. Yes, I do agree with Kim's post that says the J/L process has evolved since the agreement was first reached. That's a good thing. I hope Dr. Johnson continues to research and continues to streamline the assay/recovery method. The Ledoux standard fire assay method has evolved quit a bit. That is what men of science do. Herman

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