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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (12738)	5/12/1998 5:38:00 PM
From: jlallen	Read Replies (2) of 20681

Mark: Regarding your post yesterday IMO, the past results should not be discounted if presented in conjunction with the newer results. Collectively they could be persuasive evidence that a lot of prior non-COC work was on target. However, also JMO, in light of Bre-X, no one (institutions and potential financial partners) will give any weight to non-COC results. Its just too risky. The 68 hole program would be a good step to take toward proving out this resource. I'm frustrated that we don't have all five BD holes yet but I'm willing to accept another statement on this thread that those results are probably considered tainted by the old management involvement. When we'll see new results is anybody's guess. Hope it won't be too long. JLA

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