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Gold/Mining/Energy : L S Capital / Griffin Gold (OTC:BB CHIP)

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To: Richard Mazzarella who wrote (2224)10/23/1997 11:35:00 PM
From: mark silvers  Read Replies (2) of 3594
 
Richard
Get your hands on some Tums, because I think you're going to be ill:-)
I think I can make a case in saying not only is Naxos management very competent, but I think they are head and shoulder above All the other dirts.
Let's take the recent past as some examples. IPM's vaunted management team is the most overrated group of "miners" I have ever seen. They have blown every opportunity that has come their way. They have lost mucho credibility over the continual deadline problems. Not only have the chickens not come home to roost, but I think they are now frozen and plucked in the Perdue warhouse.
I believe your favorite, Maxam, has some Vibramills that will be sitting unused for quite awhile representing nothing more than wasted capital. You couldn't have been very happy to hear of the addition of a new management member who probably represents some very lenghty delays to the hewitt process and any possible production.
I don't know much about GPGI except that I'm never sure if they are planning on that full production pipeline or going another route.
Naxos on the other hand has victoriously foought and beaten the ASE who tried to literally kill them. They have successfully developed a standard fire assay that works. Shown COC numbers, and are about to do so again using COC ore that is beyond repute as to it's chain of custody. Have secured the Johnson Process and have had it signed off on by no other than Ledoux labs. They have had Ledoux labs sign off on the presence of platinum.Finally, they have seen the share price rise from $.75 to $9.0. Not bad for less than a year's work.
Now I wont be around until Monday to see all of the fire and brimstone that I am sure will be coming my way. I look forward to each and every response.
Mark

BTW, I am not saying that each and every DD doesn't have it's merits.
Nor am I saying that each won't be successful. I just am trying to finally eradicate what I perceive is a gross injustice in regards to the reputation of naxos' management.
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