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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: sh who wrote (6201)12/3/1997 3:20:00 PM
From: Graystone  Read Replies (3) of 20681
 
A question ?
or
Woulda Shoulda Coulda
I wonder about the guys behind this deal, is this just a coincidence ?
Could this be another Dirt Pile Scam ?
Is this an exciting offer or what, they might have more gold than NAXOF ?
Could this little baby be the next Desert Diamond ? heheheh

businessexchange.com
"Quoting from above link"

Listing 177 GOLD MINE AND GOLD PROCESSING PLANT

VENTURE
Using innovative assay techniques, we have found and are
developing a very large deposit of high grade granular gold ore
in the western U.S. The property is owned by the Federal
Government. The mineral rights to the property are being leased
by the company for nominal fees. Lab work has confirmed the
viability of the project and a 10 ton per day, environmentally
benign, pilot plant is nearing completion. The plan is to
complete the plant and upgrade it into a production facility.

BENEFIT
This is one of the richest and largest gold deposits in the
country. It is a placer or surface deposit with no overburden.
Mining costs, extraction costs and environmental considerations
are all very favorable in comparison to existing gold mines in
the west.

MARKET
Gold is a commodity and all sellers have the same customers and
price. A futures market for the sale of gold before it is mined
exists.

MANAGEMENT
Jim Cockrell-Univ. of Oklahoma-Geologist - 30 years experience
Merwin White-Univ of Utah-Metal. Chemist 30 years experience
Austin Lett-US Naval Academy-U of Mich. MBA-Finance-3 yrs.

FINANCIAL PROJECTIONS
Each $100,000 invested will receive 1/4 square mile or 180 acres.
We will mine and process ore from your land for a percentage of
the gold we recover. Ore will average 1/2 oz. per ton. One acre
mined to one foot is 2200 tons. Mined to six feet at $360 per
ounce, the value of gold from 1/4 sq. mile will be $427 million.

CAPITAL NEEDED
We will sell up to four, 1/4 acre units for $100,000 each. Money
is to be used for purchase of extraction equipment and work/cap.

Listing 177 GOLD MINE AND GOLD PROCESSING PLANT

To receive the name, address and phone number of the entrepreneur(s)
behind this venture (or their representative) fill out the subscription
form located in this service, send e-mail to avce@aol.com or call
800-292-1993. If you are already a subscriber you may receive the
contact information by sending your request with the listing number,
your name, firm name and phone number to avce@aol.com. Make the word
"REQUEST" the only word in the subject of your message.

legalelectric.com

"Quoting from above link."

Don't be taken in by slick brochures and reports by so-called experts.

The claims made in the brochure are only as good as the company that makes them.

Don't be impressed by statements that the mining claim is on land managed by the Bureau of Land Management or the Forest Service.

It is relatively simple to file a claim on federally managed land, but that does not mean the land is worth mining.

Check out all the claims made in the sales call and in the written materials.

Call the state Bureau of Mines in the state where the mine is located to get general information about the mineral content in the area to be mined. Get an independent, credentialed geologist to inspect the written materials. Call the state securities office in your state or in the state where the mine is located. They can tell you if the promoter has violated state securities laws in the past.

When in doubt, say no.

If you are not completely confident that you are investing in a legitimate offer, do not take a chance. Once a swindler has your money, it is very hard to recover it.
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