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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Paul Salber who wrote (17733)2/9/1999 4:58:00 PM
From: Tom Frederick  Read Replies (1) of 20681
 
Mr. Salber, I think you and Henry represent the opposite ends of the spectrum I posted about earlier. Many here have learned from the Naxos experience that there are lots of things they could be telling us about. Most of them meaningless. Some here prefer to wait until the final proof is ready to announce any piece of news good or bad. And Naxos is stuck in the middle of these two groups of shareholders.

As Mark said, there is not much to be said until they turn on that demo plant. All the lab work will ultimately be proven either valuable or useless based on what can actually be extracted by this method they are using on this demo plant. If the extracted metal matches up with one of the assay methods, then we have a starting point for an assay method to prove out the property by drilling. But until the demo plant extacts something, it is likely of little use to announce any numbers if they don't match with the soon to be known reality of actual extracted metal. But who knows.

At this point in time, regardless of what we could know about day to day progress, for those still in Naxos, my guess is we are here to either lose it all or make a nice profit.

With that in mind...Gentelman, start your pilot plant!!!

Tom F.

P.S. by the way, my analyst says that I am no longer "sensitive" but now merely "unusually aware of opinions" ;)
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