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

To: Richard Mazzarella who wrote (5805)	11/21/1997 4:13:00 PM
From: Tom Frederick	Respond to of 20681

Mr. Mazzarella, You are on the mark that Naxos may be able to help out the other dirts. The most valuable "asset" Naxos will have in this is the proof of a method of preperation, assay and recovery that actually works with this type of ore body. IPM has also spent many many lab hours trying to figure this out. If Naxos can come up with consistant, repeatable numbers, it will be the method that gets most of the attention. It will be that method which will be worth many times the value of any one property. It would be logical for any of the DD type properties to go to the source, so the speak, of whoever owns the rights to a method that would put a property on the map of PM resources almost immediately rather than play around with the science indefinitely. I don't know that ANYONE can say when a release is coming. There is a very high degree of confidence on the part of everyone I have spoken to in the last several weeks. However, it has never been a confidence in WHEN we will get news, but more on WHAT the news will be. I believe that the stock price is finally reflecting that confidence, which in the face of events at IPM, is quite impressive. Let us not get into the trap of pinning our hopes on the timing of news. The content of the news is what counts and if the results are in the range of the last NON COC numbers, this will be big news indeed for all parties involved. We should not underestimate the relative impact of any PM property that will have the potential to produce literally BILLIONS of PM's. This has never been done before. In one property, Naxos could offer an additional 25% to the TOTAL of ALL gold ever produced worldwide since the beginning of gold recovery. At the stroke of a pen, Naxos could be looked at as having implied reserves that will literally dwarf virtually all major PM suppliers in existance today. This is truly a new age of PM recovery that we are standing on the brink of and Naxos is getting ready to jump. As such, the transformation from "leap of faith" to "we knew it all along" is final certification of repeatable numbers will light the fuse. The domino impact will be felt worldwide. Bottom line? Don't rush them or overanticipate this monumental event.It will happen when everything is in place and all parties are satisfied. Not one day sooner. But, it sure would be great if it WAS today!!!!!!!!!! Signing off from the Chicago Public Library (I'm traveling on business) My best to all of you who have hung in. Have a great weekend. Regards, Tom F.