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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: GlobalMarine who wrote (16433)	10/1/1998 7:32:00 AM
From: Max Haber	Read Replies (1) of 20681

Rand-If/when we get numbers from the Johnson/Lett group via chain of custody Naxos Management needs to communicate those numbers to the shareholders as soon as possible. After seven years of seeing COC numbers from Franklin Lake any and all chain of custody numbers should be published as they are a MATERIAL CORPORATE EVENT. No excuses. I'm sure everyone at Naxos wants to see them reported. Hopefully the new board members, after the first series of results, will have additional labs working overtime on the Johnson process for the benefit of all shareholders. The absolute last thing we need at this juncture is some "mysterious" slight of hand to confuse the issue. None will be accepted. Since September 15, 1998 when Mr. Mark Summers repaired the relationship with Austin Lett and Dr. Al Johnson, and the monies paid under the agreement (assuming no additional delays from the Vancouver office)(doubtful) work and testing should be well under way. With expected results due out shortly. It is important to all shareholders that this technology has time to be tested and reported. It has only been two weeks. September 15, 1998 to October 1, 1998 is two weeks. Some people are saying all of a sudden that we've been waiting "years" for coc numbers from J/L and nothing. BS Naxos has never before been this close (days to a week) to receiving chain of custody numbers. Imagine what good numbers will due to the stock, thats why were a here. With the 68 hole drill program complete the results that could come in a shortly period of time could be quite staggering. There have been obvious delays in the last year with the Johnson/Lett process from the Vancouver Office. I for one am very thankful to the new board members for getting this relationship back and the technology to the assay labs. Next the pilot plant. The Johnson/Lett process is a technology that could POTENTIALLY be worth literally billions of dollars upon its successful third party confirmation and a pilot plant/procss verification. It's been two weeks. Lets not be short sighted. Max Haber

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