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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Larry Brubaker who wrote (8221)	1/16/1998 11:27:00 PM
From: sh	Read Replies (1) of 20681

Larry Brubaker, I don't know why you guys keep trying to analogize Naxos to IPM. IPM took a major beating because its property turned up relatively barren when the COC certified test results were released. Naxos has shown just the opposite, that it's property has a reasonable likelihood of being very rich with PM's (well, at least gold at this point). There's no lesson that I can fathom for Naxos shareholders from the IPM disappointment. If further testing shows that only a small portion of the property is as rich with PM's as the last press release confirms, then we have a problem. However, the IPM comparison just doesn't fit. sh

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