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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (9960)	3/13/1998 2:00:00 PM
From: Doug Meetmer	of 20681

Well Mr. Pom Poms, for once we are in agreement. I think there is very little that anyone could say to refute yesterdays results. They were chain of custody and assayed by two independent labs. It is still a bit unclear to me what Johnson instructed the labsto do, but at least he didn't come in contact with the samples. Perhaps some of the "concern" causing the stock price to fall has to do with the relatively low numbers put out by the second lab. I am hoping we can attribute this to lack of experience, but the bottom line is that they didn't get zeroes (of course we don't know if they did get a bunch of zeroes for other depths but didn't report them). Since you can't create gold out of thin air, the only logical conclusion is that this is quite real. Now we just needthe rest of the investment community to figure that out. Doug

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