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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: BGM who wrote (16324)	9/16/1998 5:21:00 PM
From: Larry Macklin	Read Replies (3) of 20681

Brad, Sid and Lett have not always seen eye to eye in the past. Sid felt that it would be in the best interests of the company to have mark summers deal with lett. This turned out to be a very good decision. Summers is a good business man and a no bull**** kind of guy. As far as the burn rate goes, i believe that naxos has deals with CPM and some financial institutions which will help fund any new projects. As far as ledoux goes, i do not think that ledoux would be the lab that naxos would use on these new projects. Also, the assaying work that would need to be done on the new projects would be fairly sraight-forward and not compliacted like FL's refractory ore.I hope that helps. Thank You Larry Macklin

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