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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Kim W. Brasington who wrote (4495)	10/11/1997 11:03:00 AM
From: Max Haber	of 20681

Kim-These are interesting times. Three more steps. Only three weeks. With the Johnson-Lett agreement in hand it is this investor's opinion that we will see the other 3 peices fall into place rather quickly. 1.)Ledoux assays should be out very, very shortly. 1-5 days I hope. 2.)With great results from Ledoux, all chain of custody, a financing from an investment banker type or major mining company should happen within weeks. IMO the results already published by Naxos must have several "firms" working on their strategy. 3.)A listing. With new results, and a major financing (for proving up additional reserves, testing large scale recovery precesses etc.) will capture the attention of some exchange that wants to participate in the future of mining. As we do know that Naxos will be a fast moving, great trading stock for a long-long time. As far as the new agreement is concerned, the idea of paying on performance sound like a great deal for all concerned, Naxos, Johnson&Lett, and all shareholders. Hang on and enjoy the ride. Seat belts required. Regards, Max Haber

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