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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Tom Frederick who wrote (9927)	3/13/1998 11:44:00 AM
From: knight	Read Replies (2) of 20681

Tom, I know your post was to Richard, but I can't help but comment on the following: >>>We have one of the top name labs in the world deciding to spend an inordinate amount of time helping Naxos unlock this very rich ore. Why? They can fill lab time with many other companies ores that need testing. They don't need Naxos to keep them busy. So why Naxos? Because they have seen the glimpse of something unique. Something rare. Something of incredible value.<< You are inferring that Ledoux has some other motive other than a contractual one with Naxos. I'm not sure on this. The mainstream mining community is experiencing quite a downturn at this point in time, owing to the slump in precious and base metal prices. I don't think the major labs in the US and here in Canada are booked full time right now. Ledoux may just be doing this work for Naxos for cash flow reason only.

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