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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: mark silvers who wrote (3700)8/31/1997 11:50:00 AM
From: Nick Stefero   of 20681
 
Mark,

Lurkers are coming out of the woodwork so I suppose it's my turn. I've
been monitoring this thread all year and find that I now have something
to contribute.

I saw the article you mentioned in this morning's Sunday Omaha World Herald.
I suppose you could say it is balanced but balanced with old news in my
opinion. There is too much attention paid to the ASE and too many quotes
from our former persecutors at the ASE. Fred Arkoosh does a fairly good job
of refuting the same old stuff from Tom Cummings and the reporter obviously
has done some serious homework researching the long article; about 58
column inches.

Only toward the end is there a mention of the latest news release and
no mention of the gold equivalent numbers of 3+ ounces per ton. Skeptical
opinions from other observers go unchallenged in the article. It is
interesting to see how much of our history is still with us framing the
reactions of so called "experts."

This thread is acknowledged in the following way, "The Internet has been
humming for months with information and speculation about the gold
possibilities, part of a lively discussion about "desert dirt" investments
such as Naxos." At least we did not get slammed by a jealous journalist.

The headline is, "Mining Firm Stakes Claim to Huge Find, Naxos battles
Canadian regulators, while critics question testing methods."

There is a nice graphic, however, showing the steep increase in the price
of stock recently. It looks very good next to the picture of Eagle Mountain.

I hope someone finds a way to put the whole article on this thread or figures
out a link or something.

NS
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