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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (17169)	12/10/1998 4:04:00 PM
From: Tom Frederick	Read Replies (2) of 20681

Whatever the deal with J/L, it is now irrelevant. Assuming that this can be repeated in a bulk recovery operation, Naxos is finally on its way. Remember, these are RECOVERY numbers. No more assays. This is real metal recovered out of COC ore from FL. Plus, we have not heard about the rest of the metals yet. I feel confident that this information was not put out without a very high degree of confidence on the part of the lab AND Naxos. And since this is a recovery method that was tested, the chances for repeatability in a bulk recovery are much higher than if we started with an assay. This is truly very good news. The big volume buying the other day at .30 or so just made a nice 3 bagger today. I anticipate some more steady buying and accumulation up through the time of bulk testing. If THAT goes well, then it's just a matter of finding out just how big this deposit really is. So long J/L, hello credibility. Keep it moving Naxos!!! Tom F.

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