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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Tom Frederick who wrote (6286)12/4/1997 9:25:00 AM
From: Henry Volquardsen   of 20681
 
Tom, I also suspect that these people DO know what they are talking about. BUT it still makes me nervous to see posting of extreme optimism before we actually hear anything via a Ledoux certified release. I have met and spoken to a lot of Naxonians and formed a positive opinion of the credibility of these people. I have certified assays on their characters i.e. people I have known and respected long before I heard of Naxos have vouched for them. (I'll even make allowances for bond salesmen) These peopl ALL honestly believe the process works and the paid out will be high. I believe this also. That doesn't preclude the possibility we are wrong and the technology has not yet mastered microfine deposits yet. That is why I would be much more comfortable waiting for COC numbers and some hard estimates on recoverable reserves before cranking up the enthusiasm.
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