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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: knight who wrote (6931)	12/11/1997 12:34:00 AM
From: sh	Read Replies (3) of 20681

Knight, Rand: Do you really think that Ledoux would issue this report to Naxos if it did not have confidence in the numbers??? They would have withheld the report until they were comfortable in releasing it (conversely meaning they were comfortable in releasing it). All they have done is put a caveat that they want to do some additional tests to make a final confirmation of these spectacular results. Naxos got the report and it was in its shareholders best interests to release it at this time. They are to be commended. The naysayers will continue to cast aspersions on Naxos until they run out of amunition (i.e., final certification). However, it is almost a forgone conclusion that FL is rich with gold (and soon we should know about platinum and other groups too). Don't even try comparing this to the IPM situation. The companies testing IPM's material NEVER expressed confidence in what the property holds. The mere fact Ledoux issued this report notwithstanding non-certification yet by itself speaks volumes about its confidence in the eventual outcome. The two weeks aren't over yet, but I think we just surpassed the first week. sh

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