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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Larry Macklin who wrote (14971)7/29/1998 11:43:00 AM
From: BGM  Read Replies (1) of 20681
 
Larry:
Why would we want to look at other properties when we have this huge deposit at FL? Why would we want to look at other properties when we have South America (geared up by Norton) now breaking even and ready to supply cash to the company (even if folded into expenses)? Don't the deposits in South America alone justify a $3 share price as indicated in conversations with the company? Are we saying our two plumbs are not worth the investment of the meager resources we have left? How could we possibly spend these funds on a new property and its development? Are we ready again for a PP at $.50? Even a hint of this seems absurd based on what we have been told and what has transpired? We do not have anyone who can run these properties. Why don't we get our "knowledgeable" hands in more of them?
Brad Mertz
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