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Gold/Mining/Energy : L S Capital / Griffin Gold (OTC:BB CHIP) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Markley who wrote (2221)	10/23/1997 5:50:00 PM
From: J Beetz	Read Replies (1) \| Respond to of 3594

Have you compared the potential mineable tons?

To: Bob Markley who wrote (2221)	10/23/1997 6:17:00 PM
From: sh	Read Replies (1) \| Respond to of 3594

Bob: I'm not so sure what the history of IPM has been other than the problems with the Arizona authorities not too long ago and the negative commentaries from some analysts of late. Naxos, on the other hand, had its stock halted for months by the Alberta Stock Exchange, which in effect leveled accusations of fraud. Naxos had to prove with third party verification that it has gold at Franklin Lake and has come out with some impressive numbers. The ASE backed off, no doubt because it knew it could not back up its accusations. Naxos is now in the process of getting out additional, strict COC assay and (I believe) recovery numbers. The market anticipates some pretty good results with the Johnson method and you have seen that in the price rise. If the numbers are consistently anywhere near as good as the last numbers reported from the Johnson method, Naxos' current price will continue to be much higher than the other DD's IMO. If you need a detailed analysis of the potential for Naxos' property, go to the Naxos thread and read up on Kim Brasington's posts. You'll find many other posters, including Mark, who've described the potential size of Naxos precious metals deposit. Bottom line: Naxos has great potential. That is not to say IPM and others do not, but Naxos indeed has had a tough road to travel and has survived worse attacks than any of the other DDs and appears on the verge of finally establishing the vast magnitude of its reserves, coupled with an economic recovery process. BTW: As far as I know, CHIP does not have any COC assays that it has presented to the market so it is not unusual to see its price very low in comparison to a company that has. As for IPM, its management's inability to meet target dates it itself sets has hurt it a lot IMO. Let's just hope that the results that finally do come out are positive. Regards, SH

To: Bob Markley who wrote (2221)	10/23/1997 7:59:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 3594

Bob, <<CHIP w/ only 11M >> I was under the impression there are 7.2MM CHIP shares: sec.yahoo.com Are the others restricted?

To: Bob Markley who wrote (2221)	10/23/1997 8:58:00 PM
From: kimberley	Read Replies (2) \| Respond to of 3594

Bob, I don't think the market gives credit to 'who has done the most work', but rather who has proof of the most gold. IPM has a sign off on .046, and there have been questions in the past regarding the validity of those numbers... they have non coc #'s much high, but they don't count until somebody (BD, Bateman, Lyco, etc. ) put their seal on them. Naxos has coc on .25... six times more than IPM. We may not like it, because we own IPM, but it's all in the numbers. Best, Kim

To: Bob Markley who wrote (2221)	10/27/1997 10:08:00 PM
From: Doug Meetmer	Read Replies (1) \| Respond to of 3594

<Also IPM has done more work is approx 1/2 the price of Naxos w/ 1/2 the number of shares outstanding, ... go fiqure, how can Naxos be worth 4 times as much as IPMCF!!> It is all investor sentiment related to "perceived" credibility. I guess people feel that Ledoux labs wouldn't be reporting the kind of numbers that they have been if Ledoux felt they weren't representative of the samples tested. I also believe that if Ledoux felt that the samples were salted, they wouldn't have risked their reputation on potentially false numbers. Remember, Ledoux is an internationally known referee lab. They are very highly regarded. That carries A LOT of weight. compare that to Friendship labs...