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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Neal davidson who wrote (11737)4/13/1998 4:36:00 PM
From: jlallen  Read Replies (1) of 20681
 
Neal: Don't misconstrue my comments. I am very optimistic albeit very impatient at this point. I do believe fundamentals are being built and recent changes (information flow and management) are positive. My frustration lies in having only 1-1/2 holes done at this point. Logic would dictate that there MUST be something the company can do to expedite the assays however, I am told I am wrong on that point. That is disappointing but if you take a longer term view, in the end we should all come out just fine. Math isn't my strong suit but it seems to me if you extrapolate the numbers we do have over the playa to a depth of only 300 feet we are talking 280 million ounces of gold. That's a lot and failing further significant erosion of share value, probably something I',m willing to wait at least a few more months to see. JLA
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