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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (10603)	3/19/1998 11:00:00 AM
From: Tom Frederick	Read Replies (1) of 20681

Mark, What about this angle, Fred may have already done quite a bit to get us credibility. But what we are assuming is that credibility translates to a certain stock price. If you track when Fred was actively involved and when he was not, we made significant progress when he had a hand in things in specific areas such as getting BD involved, getting Ledoux to release some initial high results (the 3 opt for example) and some other things as well. I am NOT saying that he should necessarily be king and I don't think he would want that either. He is a very smart business person and I think he would see the many advantages of having a seasoned mining professional at the helm, especially someone experienced with bringing new properties on line. But the credibility factor, in my opinion, would be accomplishing one specific goal over the last few years...and that is to KEEP deep pockets interested and ready to jump on board once the property provides the only credibility that matters - The PM's. And that is exactly what is happening right now at a faster pace then ever before. So the proof of my theory will be found out sooner rather than later. Here's hopin' Tom F.

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