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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: jbIII who wrote (16717)10/19/1998 5:20:00 PM
From: W.F. Schwertley  Read Replies (2) of 20681
 
To All,

The following is an excerpt from Jay Taylor's October 10, 1998 newsletter;

NAXOS RESOURCES - I had the opportunity to meet Christian Baiz of
the CPM Group this past week. As you may be aware, CPM has played
a major role in the change of direction for Naxos, which change I
fully support. Armed with mine engineering degrees, Chris is an
experienced mining executive as well has a banker to the mining
industry. As an advisor to Naxos, CPM is quite confident in the
new personnel at Naxos. The strategy here is for Naxos to acquire
advanced stage projects that are too small to attract the
interest of major mining companies, but which feasibility work
demonstrates an ability to return an IRR of 30% or more. I feel
very privileged to have me to have met Chris and I look forward
to input from him as far as Naxos is concerned and also to the
potential to bring situations to him that may be of interest to
Naxos or other investors.
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