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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Anne Lamb who wrote (9281)2/26/1998 12:36:00 PM
From: Tom Frederick  Read Replies (2) of 20681
 
Ms. Lamb, I did actually look at Mr. M's posts FIRST and THEN made my comment. It seemed a much more final opinion on Naxos than I had read in the posts I noticed on IPM and CHIP. I did not mean to imply he is a fan of any of them, but the Naxos comment seemed incongruent with the most recent facts regarding the PM concentrations. It would have made much more sense to me if he were to comment something along the line of "among the DD's, Naxos having the highest reported certified results, puts it in the best position to recovery profitably so long as they...." (fill in the blanks with any issues he has with Management etc.) Do you get where I am going here?

But still, if he is so down on these stocks, why is he still here? I don't spend every lunch hour going back to store at which I had a bad experience guarding the front door and warning potential customers of the dangers. If someone asks me, I give an opinion, but after that, people are adults and need to make up their own minds.

Let the facts speak for themselves. If someone has a problem with reported results, feel free to point them out, but my personal view is that if Naxos has the goods and can prove it, all other issues will be trivial in proportion to the value of the property and will be resolved soon enough with major investors who will REQUIRE that unfinished business and open issues be resolved.

I am curious as to your opinion on the value of the previous releases.
Do you consider them representative of the ore body? Do you trust the results? Do you believe that Naxos CAN recover economically assuming multiple ounce assay results?

This is a sincere request and I do want to know what you think at this point. (I will be out for the balance of today and tomorrow, but will be back by end of day tomorrow to respond. Thank you in advance for your comments.

Regards,

Tom F.
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