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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Dr. JMJ who wrote (9261)	2/24/1998 10:20:00 PM
From: Jan A. Van Hummel	Read Replies (1) of 20681

Dr. J., Insiders are free to trade. If there were any signs of disappointing results I think we would have seen it reflected in the volume traded, because they are the ones in the know. Naxos is giving up an awful lot to own the methodology. It behooves management to ensure they get value back for value to be given up. I saw someone mention that a patent may not be possible. Patent applications often take considerable time to get considered and approved or denied. More often than not this take substantially more than the 210 days Naxos has been working under. So, this cannot be an issue. Further, there is a certain mutual dependency. Naxos likely needs (at least the promise of) a successful extraction methodology. At the same time, the FL dirt may be just be the unique complex deposit on which the JL methodology works. So, both Naxos and JL have a vested interest to see this process come to its natural conclusion, one that all hope to be the pot at the end of the rainbow. JMHO Jan

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