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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (18770)	4/27/1999 4:26:00 PM
From: Ron	Read Replies (2) of 20681

Mark, well I will admit I know little of the details of Naxos and it's history other then what I have read during research. But I do know a lot about MG... It is true J/L probably got a significant stake in MG, probably all restricted. And previous "owners" of the process are most likely now MG stockholders. But the process no longer belongs to these "owners." So their interest is now more likely to be placed in helping to make MG successful. As to the proof...time will tell. But I believe that time is approaching fast. IMO There really is no need to do all this third party verif, COC, etc. unless the whole process is questionable ( and continuing production will answer that), or that you believe the Mgmt to be crooks ( and I know that to be untrue), or you need gobbs of money to get a plant running. MG has shown that they can set up a plant that will do probably up to 50 or 100 tons per day very soon. Do you think they will honestly have any difficulty with money? This is not drilling tunnels in mountainsides pulling out 5 tons of rocks for every 1 oz of gold. Times are changing. The MG AGM is next week May 7....I think there will be some surprises.

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