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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Kurt R. who wrote (9116)	2/14/1998 11:18:00 AM
From: go4it	Read Replies (1) of 20681

Kurt, I have to run now but will go back and check your calculations and energy costs later. In reference to one of your last sentences though <<We sure could use some good news after what happened to IPM.>> Whether the companies here want to admit it or not, during this phase of operation they are all connected in the minds of the investors and it is important IMHO that they stop acting like mortal enemies and except that. It may not be true in the end but for now it is. I would love to see Naxos or anyone running a profitable 1000 ton per day pilot operation in the near future. For now I am maintaining my money in IPM and Maxam. Maxam has been doing some very good things on trying to get some production going but maintains a much lower profile. Regardless of that, right now the sector needs a hero and perhaps if the rumor of a major moving into the realm is true thn it might just be that we are close. I'm keeping my fingers crossed at this point and trying to discover who the most likely hero will be. Chuck

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