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

To: Larry Brubaker who wrote (6222)	12/3/1997 5:06:00 PM
From: Henry Volquardsen	Read Replies (2) \| Respond to of 20681

Larry, the other difference is that NAXOF already has certified results from Ledoux that are better than those IPMCF has recieved.

To: Larry Brubaker who wrote (6222)	12/3/1997 5:27:00 PM
From: Jan A. Van Hummel	Read Replies (2) \| Respond to of 20681

Larry, For any aspiring mining company to be considered serious they will have to use reputable firms to do the COC testing and so on. The very fact that a company uses a reputable firm like Ledoux or Behr doesnot necessarily increase its credibility, but it can alleviate somewhat concerns about possible misrepresentations. It makes good business sense though to use reputable firms. However, when reputable firms stake their own reputation testing such COC samples, you can be darn sure that what they find will be an accurate reflection of what is actually there. If exceptional results were determined I am sure Ledoux would want to make doubly sure that such results were not caused by incompetent lab work, intentional or unintentional contamination, breaches in the COC or any other event that could have an affect on the outcome. From what we have seen and heard so far it appears that Naxos' management (to their credit) has gone out of its way to ensure that the COC procedure was 100 percent safeguarded. Therefore, we should have great comfort that the results are what they are, but it only proves presence, perhaps abundant presence, nothing more at this stage. I have worked 20 years in an industry where we frequently used surveyors/ assayers around the world with Ledoux being one of them. I have great faith in the accuracy of their findings. If they are satisfied the COC has not been breached, so will I. Forget about the hype either way. Naxos' only viable road to survival was the one taken, i.e., using a reputable company like Ledoux. If the PMs are there they'll make it big, if not, we all will go our own way. JMHO Jan