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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Henry Volquardsen who wrote (9045)	2/12/1998 12:59:00 PM
From: mark silvers	Read Replies (2) of 20681

Henry- You and I have discussed this many, many times before. I am not so sure that a big name investor and/or pilot plant productivity are the key to our financial success. My contention is that I don't think anyone really knows or can say what individual factor/factors will create the critical mass of validity that is needed. Maybe it will be great numbers from multiple labs? maybe it will be a report from the South Africans? Maybe it will be the big name investor or the pilot plant? It may take all of the above or it may take even more than that. The point is we just don't know. All we can do is continue to monitor the FACTUAL information that comes in, and make adjustments in our belief systems as that happens. Mark

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