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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: John Sloan who wrote (4317)10/8/1997 4:07:00 PM
From: John Sloan   of 20681
 
As an investor who spends more time researching his companies than posting on threads. These are the facts as I see them on NAXOS Resources Ltd. current market capital 130 million. Total shares outstanding.26 million. holdings. Rare eagles cleans Utah. La Hoyada Venezuela. Rio Guariche Venezuela. Kilometer 88 Venezuela. Franklin lake California.

With regards to Franklin lake some 30 thousands acres. Currently we are waiting for test results from Ledoux labs on chain of custody material. Previous test results from Ledoux show positive results for both gold and platinum. Not to mention a 200 pound bulk test that produced numbers of better than 3OPT. On roughly have the 200 pounds of material.

Management has had some serious problems in the past two years and finely taken control of NAXOS destiny. And has the stock trading in the U.S.. With the Alberta stock exchange off their back. They should be on the electronic Bulletin Board soon. There are specific requirements for this I believe NAXOS is pursuing this course.

Shortly we should receive some numbers from Ledoux possibly as early as the beginning of next week. Further their should be a confirming 200 pound chain of custody bulk best some time this month. I've been told by many people that only a select few at NAXOS have any idea what the daily results are.

As to Dr. Johnson his process and business expertise and direct participation in NAXOS will be further credibility for management.

This is all simple DD. That any investor can obtained know need for questions. If you're own DD doesn't leave you comfortable with what's between the lines . Continue your research. Do your DD and relax time will tell.

John
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