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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: citydi who wrote (5571)	11/14/1997 5:18:00 PM
From: mark silvers	Read Replies (2) of 20681

To All It appears that the IPM press release is out; techstocks.com If you notice the grades are all basically under .05 opt gold, except for one intersection which is .08 opt. IPM stock will probably take a hit on Monday. I'm sure that this will embolden some of the desert dirt naysayers, some of which may choose to post on this thread. Just remember, IPM is not Naxos. We have already gotten certified third party results that are much greater than the ones found at IPM's Black Rock Property. We have results on COC ore using standard fire assay that are much higher, and of course the results from the Johnson Process are significantly higher(even the first stage results using COC ore are higher by multiples) The desert dirt saga is one of many twists and turns and it appears that for IPM it is not currently a positive one. THAT HAS NO BEARING ON NAXOS. Naxos will ultimately be judged on the success or failure of Franklin Lake and nothing else. Mark Silvers

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