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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Tom Frederick who wrote (12110)4/21/1998 5:39:00 PM
From: Jan A. Van Hummel  Read Replies (1) of 20681
 
Mr. Tom F.

Let me venture that there is a switching cost involved. IMO the
switching cost is less of a hurdle when other mines are a losing
proposition than when these are profitable in their own right.

Obviously, presence of precious metals, other than gold, will enhance
the value of the field and drive down the cost of recovery.

Until such time that Naxos management decides to share such information
with its owners, assuming there is something to share, we will have to
base ourselves solely on what we know to be present for sure.

The very low volume today suggests that either something is brewing
or the remaining shareholders are comfortable with their position.

Either way the stock may start to inch up before too long.

Jan
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