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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: mark silvers who wrote (10726)3/20/1998 3:49:00 PM
From: Johnny Nucleo  Read Replies (1) of 20681
 
We dont have proven reserves yet. We do have proof of the presence
of gold. Proven Reserves will hopefully come in the near future.

This is of little value when you do not have an economic recovery
process. It makes no difference if you can assay 8 opt or 0.2 opt
when you have no ability to recover the metals.

I hate to be negative but the last two press releases have not been
bullish on the future prospects of the johnson process.

I suspect the stock may see increased selling pressure until investors
see evidence that the johnson process is viable.

J. Nucleo
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