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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: mark silvers who wrote (9047)2/12/1998 1:22:00 PM
From: Henry Volquardsen  Read Replies (2) of 20681
 
Mark,

I don't disagree with the notion that we don't really know what the trigger will be. To clarify why I focus on the issues I outlined is because I believe they are the answer to the two big questions any new investor to Naxos will need to have answered. The first question is 'Can the Johnson-Lett process be scaled up for commercial application or does it only work in the lab?'. The second question and one that will be even more important to answer is 'Is this another Bre-X?'. Bre-X was reporting numbers from reputable sources as well and fooled some very credible people, remember mining companies were fighting with each other to get in line to partner. You and I and several others have done a lot of research and analysis to come to the conclusion that we are very comfortable with the prospects as they currently exist. But the average investor does not have the time, predisposition and, in many cases, the ability to do this type of analysis. They will need some definitive answers before they venture this way. So I focus on the production assay and a 'name' investor as the combination that I believe will answer the question in many peoples minds. Until that time I am prepared to be patient. I am also prepared for something else to be the trigger.

Henry
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