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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: BGM who wrote (16402)	9/30/1998 9:09:00 AM
From: Tom Frederick	of 20681

Brad, And so we wait. What is the final answer on Venezuela? Why did it fail? Has it failed? Is it a non entity because of ______ fill in the blank? Bottom line for now is the Mexico deal is being supported by CPM Group, it has proven reserves, the methods of recovery are known and it is easily accessible plus we have a govt much easier to deal with then the Venezuelian govt. We need to see this property move ahead to production. Why should we believe that this will turn out any better than Venezuela? Ask CPM group. They seem to think so. Tom F.

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