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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Michael Donahue who wrote (11663)4/9/1998 2:22:00 PM
From: Tom Frederick  Read Replies (1) of 20681
 
Mr. Donahue, One lesson I have learned with junior mining operations is that it is a kiss of death to start to set TIMING expectations either good or bad. Their are so many places where delays can happen or new problems emerge that are not necessarily a refection of potential of the property but more a reflection of business and mining realities, that it is not in anyones best interest to try and anticipate and set completion dates in stone.

Drilling schedules, permits, results of testing, and other things that are current, fairly controlable realities are OK. But when new testing will be complete, when a drill program will be complete, if a new testing will produce a specific result, all of these kind of things are really rolling the dice. As many poster's here have pointed out each and every ore deposit has its own challenges and you don't know what they will be till you get to them.

Once Naxos is up and running on a regular schedule of drilling, testing, drilling, testing, drilling, testing, then actual events will create their own schedule.

I am not excusing Naxos for not having a schedule. But I will defy anyone to come up with a junior exploration company that has set out specific testing, drilling schedules with start and finish dates and KEPT to those dates. It just doesn't happen.

Sorry for an answer you didn't want to hear.

Tom F.

OH MY GOOD GOD!!! MY POST IS A 666!
Not only am I a shill, I am a SATANIC SHILL!!!
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