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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: knight who wrote (8849)	2/6/1998 2:33:00 AM
From: Larry Brubaker	Read Replies (3) of 20681

OK: Everyone else seems to be gaga over this press release. I'm not sure why. Pilot plant is now 1/10th the size that had been previously announced. How could just a few weeks ago they be planning--and have ordered the equipment for--a 5TPD plant, and now it is only .5TPD? More consultants being brought in (can anyone spell IPM?) No new results released (although they did explain a different assay required for PGM's). Couldn't they get around to doing the assay for PGM's?

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