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

To: Lawrence Brierley who wrote (5594)	11/15/1997 1:52:00 AM
From: Alan Vennix	Read Replies (3) \| Respond to of 20681

Thanks, Lawrence, A quality post that I'm sure all the IPMer's appreciate. We may be down but not out - the fat lady hasn't sung yet, in fact I don't even hear her warming up. (With apologies to the dieters) Alan (Long in several of the dirts/playas - and a believer)

To: Lawrence Brierley who wrote (5594)	11/15/1997 10:08:00 AM
From: Jan A. Van Hummel	Respond to of 20681

Lawrence, Agree. Unfortunate for IPM the results are ordinary at a time when there are plenty of ordinary ores around and gold prices are falling. Unless they have a recovery cost below the industrial average it may take some time to gather some interest. The attractiveness of Naxos is higher levels of PM, recoverable Au, and perhaps recoverable Pt which it totally unaffected by the malaise in Au. Stay the course. Jan

To: Lawrence Brierley who wrote (5594)	11/15/1997 1:14:00 PM
From: Doug Meetmer	Read Replies (1) \| Respond to of 20681

I am sorry if you don't think it is a scam when management expects 0.25 opt and the "independent verification" shows .03. It is up to management to prove their claims. How much profit did the insiders take when the stock was at $14?? I don't know but I would bet it was more than anyone on the IPM thread. I sincerely hope that our management will follow through on their claims but I have seen plenty of examples of frank disappointments. However, the difference between Naxos and IPM is that: 1) at one point, Allen and Co. actually was at the table with Naxos. This bodes well for our prospects. 2) Ledoux labs, a very prestigious lab, is STILL involved and STILL reporting good data. 3) It actually makes sense that PMs would be at Franklin Lake. The geology of the area supports Naxos' claims. Those are three very good reasons why Naxos' chances for success are probably ten times greater than IPMs. Take care, Doug