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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Doug Meetmer who wrote (4361)	10/6/1997 1:03:00 PM
From: mark silvers	of 20681

Tom I agree about the cabin fever, but I disagree with one thing. There already is undeniable proof in the form of previous certification. The only doubt is if you feel that there is a question to the SRK COC. What we are waiting on now is FURTHER validation using a higher profile name. Doug IPM is down because they are in a somewhat similar situation to Naxos. They are waiting on test results from BD. The difference is they have been waiting for something like six months, and have blown through several self-imposed deadlines. There are,IMO and maybe IMO only, many more questions surrounding IPM than there are Naxos. Chip is only doing what Chip does, which is trade in a range form $.60 to $1.00. It is a cheap proxy for Naxos, and now somewhat mirrors the direction of Naxos. Any comments, flames etc, are welcome...... Mark

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