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

To: Tom Jones who wrote (5919)	11/25/1997 5:29:00 PM
From: KRosenfeld	Respond to of 20681

Close 7 1/8 Vol 59,200 Range 7 1/8 - 8 1/4

To: Tom Jones who wrote (5919)	11/25/1997 7:07:00 PM
From: Tom Frederick	Respond to of 20681

Mr. Jones, there is one key element in the ability to control releases and that is the ability to control the content of the release. In the case of Naxos, we seem to keep forgetting that this has been a case of great scientific endeavor from the very beginning. The nature of science does not allow for anyone to proport conviction on the subject of timing. Can you imagine if some private company were in charge of all cancer research and all of their fortunes were tied to the release of information indicating true progress in the fight against cancer? We would have management periodically stopping by the lab asking the scientists how things are going and they would say 'very promising' and show the management some great test results and management would accordingly tell investors "hey things are going great. We could have news any day!!!" It doesn't mean that the lab isn't working very hard and it doesn't mean things aren't going well, but it does NOT indicate that a final answer is about to be arrived at either. We need to understand that the science of unlocking the key to this type of ore body, within the mining community, is of similar complexity and of similar import in relative terms. It will change the way PM's are mined forever, the price of PM's and the volume of PM's as well. That is VERY big news all riding on one lab putting the final OK on the quality, repeatability, and reliability of the SCIENCE of this very complex ore body. For these reasons, it is not a reasonable comment, in my opinion, to imply that management has been disingenuous or misleading. They are simply very anxious. The enthusiasm has in fact been greatly tempered over the last year thanks to Mr. Brasingtons commentary on the thread and the "user friendly" language of the releases has been a great help also. All and all, I would say that Naxos management has been getting better all the time at managing what is obviously great confidence in the fact that PM's are there and that it has all along, only been a matter of time before a final method was selected to prove it beyond any reasonable doubt. As Mr. Silvers has clearly stated, no one "knows" regarding the timing. But we all have to "know" in our intermost thoughts that the release WILL come, whatever the timing. Regards, Tom F.