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

To: Graystone who wrote (6212)	12/4/1997 4:19:00 AM
From: Graystone	Respond to of 20681

A question ? (Again) If we are going to rely on Merwin White and Austin Lett I sincerely hope that they are not the two names listed as management at this offer below. The Johnson-Lett process may be your saving grace if you are a Noxonian but I think this is a much better deal. Get out your calculators and do the math. A $100,000 dollar investment nets you $427,000,000.00 according to Merwin White and Austin Lett, not only that it is granular gold so it is easy to get at. It can be forward sold according to the information I see. Now if you took the same $100,000.00 and bought NAXOF shares they would have to get to $35,000.00 dollars to perform as well as the investment opportunity offered here by Mr. White (who incidentally has the same name as the person who was concentrating samples for assay at Ledoux) and Mr. Lett (who incidentally has the same name as the cofounder of the Johnson-Lett process and holds the same degree from the same university). I will put my money on the experts, the claim by White-Lett that they have a unique method is good enough for me and it is surely a better risk than hoping NAXOF goes to $35,000.00 dollars (which incidentally would make it one of the most expensive publicly listed stocks in the world) anytime soon. In addition to that Mr. Austin Lett and Mr. Merwin White have developed an environmentally safe mill that is almost READY TO GO, NAXOF has been making claims for a long time that everyone is still waiting to see closure on. You can bet on Johnson-Lett but it does make much more sense to bet on White-Lett, don't you think. Or, could this be another Dirt Pile Scam ? I wonder about the guys behind this deal, is this just a coincidence that they ahve the same names. The Merwin White assay methodology figures in the NAXOF story doesn't it? Is this an exciting offer eh, sell your NAXOF and buy this puppy, oops only four chances to get in, better hurry . Could this little baby be the next Desert Diamond ? heheheh businessexchange.com "Quoting from above link" Listing 177 GOLD MINE AND GOLD PROCESSING PLANT VENTURE Using innovative assay techniques, we have found and are developing a very large deposit of high grade granular gold ore in the western U.S. The property is owned by the Federal Government. The mineral rights to the property are being leased by the company for nominal fees. Lab work has confirmed the viability of the project and a 10 ton per day, environmentally benign, pilot plant is nearing completion. The plan is to complete the plant and upgrade it into a production facility. BENEFIT This is one of the richest and largest gold deposits in the country. It is a placer or surface deposit with no overburden. Mining costs, extraction costs and environmental considerations are all very favorable in comparison to existing gold mines in the west. MARKET Gold is a commodity and all sellers have the same customers and price. A futures market for the sale of gold before it is mined exists. MANAGEMENT Jim Cockrell-Univ. of Oklahoma-Geologist - 30 years experience Merwin White-Univ of Utah-Metal. Chemist 30 years experience Austin Lett-US Naval Academy-U of Mich. MBA-Finance-3 yrs. FINANCIAL PROJECTIONS Each $100,000 invested will receive 1/4 square mile or 180 acres. We will mine and process ore from your land for a percentage of the gold we recover. Ore will average 1/2 oz. per ton. One acre mined to one foot is 2200 tons. Mined to six feet at $360 per ounce, the value of gold from 1/4 sq. mile will be $427 million. CAPITAL NEEDED We will sell up to four, 1/4 acre units for $100,000 each. Money is to be used for purchase of extraction equipment and work/cap. Listing 177 GOLD MINE AND GOLD PROCESSING PLANT To receive the name, address and phone number of the entrepreneur(s) behind this venture (or their representative) fill out the subscription form located in this service, send e-mail to avce@aol.com or call 800-292-1993. If you are already a subscriber you may receive the contact information by sending your request with the listing number, your name, firm name and phone number to avce@aol.com. Make the word "REQUEST" the only word in the subject of your message. End of Quote legalelectric.com "Quoting from above link." Don't be taken in by slick brochures and reports by so-called experts. The claims made in the brochure are only as good as the company that makes them. Don't be impressed by statements that the mining claim is on land managed by the Bureau of Land Management or the Forest Service. It is relatively simple to file a claim on federally managed land, but that does not mean the land is worth mining. Check out all the claims made in the sales call and in the written materials. Call the state Bureau of Mines in the state where the mine is located to get general information about the mineral content in the area to be mined. Get an independent, credentialed geologist to inspect the written materials. Call the state securities office in your state or in the state where the mine is located. They can tell you if the promoter has violated state securities laws in the past. When in doubt, say no. If you are not completely confident that you are investing in a legitimate offer, do not take a chance. Once a swindler has your money, it is very hard to recover it. End of quote Just keep singing, let the house burn down. I have convinced several people to send away for this "too good to be true offer" made by Mr. Merwin White and Mr. Austin Lett. I bet you the registrar at the University of Michigan used to get real confused.