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

To: mark silvers who wrote (19957)	10/29/1999 10:10:00 AM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Mark, I would think the value of the property will be well documented soon enough and certainly fraud charges could be brought about once they went into operation and the actual resource value calculated. Let's wait for Kim's clarification, but I can't imagine he would post that with the idea that Naxos won't test for the core elements on which the negotiations will be based, primarly Li. Sounds like there are at least 4 labs at work here. A "commercial lab", the lab(s) of the interested mining company and Naxos' testing. Kim's says in his post that the testing of the 40 elements is "part of a plan to systematically examine what has monetary potential in the material at FL" and again "The object of this drill program and analysis program is to identify areas of economic advantage for the shareholders of the company". What I would want to understand is if the "customer" is looking at a broad range of interests besides Li with the intention of making some offer on a broad range of resources from FL, or if Naxos is driving the broad range of testing to be able to entice additional customers AND if any of those potential additional customers have been identified. It is encouraging to know that this program will continue to include efforts to identify the PM opportunity as well since that is why most if not all of us came to Naxos in the first place. Tom F.