Naxos Resources (NAXOF) Message Board

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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Missy Link who wrote (12588)	5/6/1998 3:17:00 PM
From: Tom Frederick	Read Replies (1) of 20681

Missy Link A couple things, first, I can tell with a fair degree of certainty, that Naxos will be releasing results as they go. Regarding the speed of testing, it will largely be a function of how many labs and what equipment they have available. However, I also believe that we won't have to wait for the entire program to be completed before we have the potential of a strong market response. If Naxos gets into 5, 10 or 15 holes all coming up with similar numbers, on an alluvial style deposit, that says much more than an equal amount of drilling in a hard rock deposit. As a result, there could be a willingness to put some value on FL based on the trend of the results as we go. Regards, Tom F.

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