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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: jlallen who wrote (11525)4/6/1998 10:22:00 AM
From: Tom Frederick  Read Replies (1) of 20681
 
Mr. Allen, all exuberance is welcome and invited. I hope you enjoyed the time off and are ready for the next era in Naxos history. From this point on, it will be the real hard data that will propel Naxos. The 28 holes plus the next 40 with testing at every 10 feet down to 300 feet will give us plenty of info.

As far as gold goes, the WSJ has a very good article this morning about the price support. Apparently the EU plans on having about 30% of reserves in gold, when only a short time ago the speculation was that they would have almost no gold as a support. That coupled with Belgium completing its sales and no other large sales on the horizon and suddenly the gold floor has been found and the only way to go is up. We'll see if that pans out.

In any case, FL needs to tell its story. And that story is told through plenty of testing. Naxos is starting to act more and more like a real company with a bright future. And the momentum is building.

Regards,

Tom F.
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