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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: jlallen who wrote (10689)	3/20/1998 2:04:00 PM
From: Johnny Nucleo	Read Replies (3) of 20681

Today's press release is a disappointment. Naxos management and staff must be terminated of their duties because they simply do not have the necessary scientific and business skills to develop Franklin Lakes. My reliable sources have told me that the johnson process will not scale outside of the labratory. This does not surprise me because small scale recovery has been achieved on micro-fine deposits decades ago but no "dirt" company has been able to scale up. Naxos needs to find a CEO who has vast experience in working with micro-fine ore deposits. Then a science team must be recruited who can design a process that will scale. The catch is it will require a lot of funding to accomplish this goal. Many tens of millions of dollars will be required. Scientifically speaking, Global Platinum is well ahead of Naxos but the engineering is very crude because of lack of funds. J. Nucleo

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