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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Henry Volquardsen who wrote (9048)	2/12/1998 1:51:00 PM
From: mark silvers	Read Replies (2) of 20681

Henry True enough kimosabe. However let's address your two questions and work through it that way. 1. << I believe they are the answer to the two big questions any new investor to Naxos will need to have answered. The first question is 'Can the Johnson-Lett process be scaled up for commercial application or does it only work in the lab?'. >> I'm not entirely sure that is true. It certaintly is true that ULTIMATELY commercial applicability is THE question. However, most mines(or mines to be) begin to get valued BEFORE that stage. It starts to happen as the amount and grades of the reserves start to come into focus. I don't see why Naxos should be any exception. We are currently just beginning that process, and it appears that it may start to happen with greater frequency and speed. 2. << The second question and one that will be even more important to answer is 'Is this another Bre-X?'. Bre-Xwas reporting numbers from reputable sources as well and fooled some very credible people, remember mining companies were fighting with each other to get in line to partner.>> As we have discussed on this thread before, there is no comparison between the two. You say that most investors dont have the time and/or willingness to undertake the amount of research that many of us on this thread have devoted ourselves to. Again, I disagree. Anyone who is going to consider buying a jr mining stock is going to take the time to do a minimum amount of research. Undertaking that minimum amount they will find that Naxos has certified COC numbers from reputable firms. That alone is more than Bre-x ever had and at the minimum says that naxos is not a scam. We KNOW that at least in two holes and in several intersections there is irrefutable proof of the existence of PMs at Franklin Lake. Mark

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