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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Graystone who wrote (6831)12/12/1997 3:18:00 AM
From: Graystone   of 20681
 
Now What ?
or
Which consultant said that ?

Do you suppoes it was Dr. Johnson or Mr. Lett that advised the company they had a mine ? I have taken this comment from the Jan 17, 1997 News Release of the NAXOF.

The Company expects that Ledoux & Co. will achieve higher results as they continue to test material using the proprietary recovery process. The Company has been advised by its consultants that this recovery process may be scaled up to conform to a commercial production process allowing for gold extraction from the Franklin Lake Property. An additional sample using the same material and the same recovery process has been started by Ledoux & Co.,...

It is clear that they have a consultant, I would presume under contract, who has advised them they have a mine. Now I am sure it couldn't be Ledoux, even though that is thier name framing that statement in an aesthetically pleasing fashion. I would be willing to bet my Navy Beans against your Buttons that Ledoux didn't say that heheheh, any takers.

Now since I believe that Ledoux didn't say it it certainly behooves me to ask, Which consultant said that ? The reason I am wondering is very simple. This statement was made in January 1997 about a proprietary process by a Company consultant, now I am being told that the NAXOF has agreed to pay about $85,000,000.00 dollars (man I like these ZERO's, tack a few more on) to Lett-Johnson. The $85,000,000 is purely hypothetical. Let me explain. If NAXOF went to $35,000 next week,

(the number calculated from Mr. Austin Lett's assertions, see these posts if you are not certain what I am referring to. When I wrote these posts you could find Listing 177 by searching for Merwin White on InfoSeek.)
A Question
207.183.153.206
Answer
207.183.153.206

we would be agreeing to pay Mr. Johnson about $350,000,000,000.00, (man look how many zeros this thing contains, heheheh) now thats a lot of RD, where has Mr. Johnson been all these years. heheheh. Man, what is in that mans brain, why would he be selling out to NAXOF. heheheh

Didn't NAXOF have a process, didnt' they say it was encouraging just a few months ago ? (They did, check it out, the reading is fun)

So ask yourself, which consultant said that ?

There probably isn't much you can do about the quarter million they just scooped from your wallet. 90 days, another quarter mill, Equipment should be in transit at that time.

My final question certainly bears asking since Mr. Letts imprimatur has been removed from this dubious "methodology", how long would it take to get criminal charges laid if Dr. Johnson's demonstration fails. Who would be charged if Dr. Johnson's demonstration fails. What would they be charged with, getting your hopes up ?

Snug Harbor Statement, man that Rum and Eggnog tastes good.
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