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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (14062)7/8/1998 6:44:00 AM
From: Henry Volquardsen  Read Replies (1) of 20681
 
Absolutely Mark.

It is clear as both you and Kim have outlined that continues on a dual approach. Conventional reserve calculation to find acceptance with the traditional mining industry and an ongoing investigation of the J/L process and other technologies to enhance eventual recovery.

This is such an obvious common sense approach that one has to wonder why some people continue to agitate for a return to the old strategy. The cynic in me says there are certain people who have specific economic interests tied to J/L becoming the sole focus of Naxos. It could be people who have an equity interest in J/L and are looking for a big pay day. It could be someone promoting the desert dirt phenomenon who needs a win somewhere to breath some live back into his moribund picks. It could be disgruntled shareholders who are more interested in hyping the stock than developing a viable company. Who these people are is speculation on my part since I have no specific knowledge about who is behind this effort. But I am fairly certain they are promoting their own narrow economic interest over the economic interest of Naxos shareholders as a group.

Henry
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