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

To: Jan A. Van Hummel who wrote (6217)	12/3/1997 4:20:00 PM
From: Henry Volquardsen	Respond to of 20681

Jan, I agree with you 100% in your comments re valuation. I have been saying the same for a while. We don't have enough info yet. We need to see the extent of the reserves, the cost of production and the estimated life. Then we can start putting a sharp pencil to valuation.

To: Jan A. Van Hummel who wrote (6217)	12/3/1997 4:23:00 PM
From: HungryLion	Read Replies (2) \| Respond to of 20681

The process has come to the point where too many entities have much at stake. Maybe I am naive, but I refuse to believe that with so many different entities involved one would want to continue to perpetrate a deliberate scam for every one to see. Mind you, Ledoux has little to gain but everything to lose in this process. If you think there livelihood hinges solely on the Naxos results you better get yourself educated about the broad ranges of services that Ledoux and the likes (SGS, D.C. Griffith, etc.) provide to the mining, metallurgical and other industries that rely on quality control on the global movement of their raw materials. A faux pas by Ledoux can severely damage their reputation. These surveyors/assayers will have seen any trick in the book and I doubt that they will be easily bamboozled. Larry Brubaker told me the exact same thing about Behre Dolbear and IPMCF. Amazing. NAXOF is a instant replay of IPMCF. HL