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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Hall who wrote (19423)	7/12/1999 11:51:00 AM
From: Tom Frederick	Read Replies (2) \| Respond to of 20681

To All: As you might expect, I have not given up hope. The reason is not because of stellar performance of the stock, or mind blowing progress at the pilot plant. The reason is very simple. Most everyone who looks at the ore sees PM's. On that point there is little debate. The size of the property and the nature of the deposit being sedimentary is also pretty well established. The resulting potential size of the deposit, as a matter of logic is therefor, quite large. And therefor, too many people know that IF the code is broken with science, the payoff will be huge and so long as Naxos can hold the lease on the property, whoever wants to make a very nice living off Franklin Lake, needs to go through Naxos. I can't say at this point who will be at the helm when this finally gets solved or even when it will get solved. But my belief is that there will be someone, somewhere who solves the riddle of the FL ore. It's too big an opportunity to walk away. Great Lakes could have a huge customer for many years to come. A lab could have a huge customer for many years to come. An individual scientist could have the payday of a lifetime. A plant manager could have a career making success. It's a very big "something" for the people who bring this home. The stakes are high, and high stakes with a high potential payout gathers determined people. That is my reason to hold on to hope. Anyone can agree or disagree. We have all been here too long to try to convince each other one way or another. I simply wanted to clarify why I still have hope. Tom F.