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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Lawrence Brierley who wrote (5594)	11/15/1997 1:14:00 PM
From: Doug Meetmer	Read Replies (1) of 20681

I am sorry if you don't think it is a scam when management expects 0.25 opt and the "independent verification" shows .03. It is up to management to prove their claims. How much profit did the insiders take when the stock was at $14?? I don't know but I would bet it was more than anyone on the IPM thread. I sincerely hope that our management will follow through on their claims but I have seen plenty of examples of frank disappointments. However, the difference between Naxos and IPM is that: 1) at one point, Allen and Co. actually was at the table with Naxos. This bodes well for our prospects. 2) Ledoux labs, a very prestigious lab, is STILL involved and STILL reporting good data. 3) It actually makes sense that PMs would be at Franklin Lake. The geology of the area supports Naxos' claims. Those are three very good reasons why Naxos' chances for success are probably ten times greater than IPMs. Take care, Doug

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