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

To: Richard Mazzarella who wrote (19782)	9/28/1999 2:47:00 PM
From: Tom Frederick	Respond to of 20681

Richard, We are of the same mind regarding the clays, however, that is not the point I was addressing. The question was basically how the price of gold affected Naxos. There are at least two views as to the affect of the POG. First, inside the boardroom of Naxos, the POG increase can offer more excitement about the potential when they finally crack the code for recovery. But second, in the marketplace, an increase in the price of gold would encourage some investors to put their money into known gold recovery companies or exploration companies with some track record or known holdings. And Naxos does not fit into any of those categories...as of now anyway. I don't see someone investing in Naxos instead of say, Barrick, on the assumption that Naxos is perceived as a viable gold resource, based on history and current testing for recovery. (Again, I am speaking from the view of the marketplace, not someone who has followed the Naxos story like we have) The only way it affects Naxos in the marketplace is when they finalize some method of recovery. At that point the profit per ton of processed material will be based on the current market price of gold. But as we all know, the current focus is on finalizing the work on the Lithium. If Naxos can bring home a solid contract for Lithium recovery out of the brines, then the cash flow will allow for an accerlation of the work on gold. Until then I sincerely hope all resources are brought to bear on the final proof of Lithium in the brine which in turn results in a contract for the Lithium output of the FL property. Lithium is a down the middle, safe, smart business move. There are a wide variety of manufacturing applications and they have one of the top two suppliers talking to them. There is no claim of "world's largest" or anything that would make the market question the claim. There is US Geologic testing providing unbiased historical data to imply a good reserve. This is a very smart approach and I wish the Naxos team much success in finalizing the drilling and testing in a timely fashion. I have a high degree of confidence that Naxos is far from finished with work on the PM's of FL. But for now, I will be very happy to see a Lithium contract. Tom F.

To: Richard Mazzarella who wrote (19782)	9/29/1999 9:18:00 AM
From: Tom Frederick	Respond to of 20681

Richard, One more thought. I think the Lithium deal will shed a whole new light on the desert dirt properties. Recovering any valuable element out of the desert will bring people sniffing and wondering what else is down there in the brine and clays. THEN we will have the attention of a broader market in which any announcement of fresh, successful gold testing (and a rising POG) will have a VERY beneficial affect indeed. JMHO Tom F.

To: Richard Mazzarella who wrote (19782)	10/1/1999 4:02:00 PM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

To all, Check out the trading activity this afternoon... 15:37:56 0.135 30000 OTCBB at Ask 14:39:51 0.135 26000 OTCBB at Ask 13:45:31 0.130 25000 OTCBB 13:37:41 0.130 22000 OTCBB 13:37:25 0.128 2000 OTCBB at Bid 10:49:55 0.128 10000 OTCBB at Bid 10:10:15 0.130 15000 OTCBB at Ask Something turned the tide for a few people this afternoon. I haven't seen buys in these size blocks in a while. It's not a lot of money, it's just pretty good size blocks. Maybe somebody is looking at a decent shot at some good Lithium numbers. As I have said before, if you look at Naxos today, with a fresh start, at $0.13 or so, it's not a bad thing to consider as a risk investment with current and historical data indicating Lithium and Boron at economic levels and a potential customer waiting for test results. The drilling, testing and recovery of Lithium are all very standard and straight forward, so we will know fairly soon if the buyers of late have guessed right or not. Tom F.