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

To: knight who wrote (7784)	1/3/1998 6:21:00 PM
From: mark silvers	Read Replies (3) \| Respond to of 20681

Knight Okay, okay, I held out for a long time, did the best I could.... now I'm back. To answer a couple of your concerns; 1. The lab testing and the pilot plant are not exclusionary events. That is to say that they will both be happening but concurently, not one after the other. The pilot plant will proceed as soon as the equipment is delivered and installed, and permits are in hand. Lab testing is going on as we speak. I believe at least one of the other labs is getting close to being up and running, but I am not 100% sure of that. Perhaps Kim can confirm that for us. 2. When the pilot plant was announced at the Franklin lake roadshow, It was also announced that they would be bringing in an enginering firm to do a 100ton production assay when they where up and running. (at least I think the term was a production assay, but you get my drift) It sounds like Naxos mangament has already thought of and addressed your concerns. (sorry, didn't want the pom poms to get rusty) mark mark

To: knight who wrote (7784)	1/3/1998 8:08:00 PM
From: J.E.Currie	Read Replies (1) \| Respond to of 20681

No name No e-mail No test of time No questions about IPM's business procedures, which were fraudulant. just Rah Rah, IPM & now you've got all these questions about a company that has for seven years worked with Ledoux without a hint of improper conduct from them, & chain of custody. It's obvious to me & others in the know that Naxos agreed with BD/LD to allow BD/LD to soften the blow to the LONG TIME CUSTOMERS of Ledoux. The COC has been proven, think of it from a legal perspective. The remaining part of the puzzle is scaling up/production and that has already been accomplished by Naxos partner, so to speak. To: +Zeev Hed (4618 ) From: +J.E.Currie Saturday, Jan 3 1998 7:18PM EST Reply # of 4621 Subject: A New Age In Gold Refining \| Previous \| Next \| Respond \| To: +Michael J. Wendell (0 ) From: +Michael J. Wendell Saturday, Jan 3 1998 4:16PM EST Reply # of 402 Hi Folks, Yesterday was January 2, 1998. Dick Jensen the force behind Global Platinum called. He wanted to know if I was working. Actually, he wanted to wish me a Happy New Year. I thought that was a nice start for the New Year. He told me he was going to make an announcement this coming week. I had been told that was on the Global thread so I wasn't surprised. He also said that they had been working with another refiner. I was shocked. No, not really. I thought that it is good to check out every possibility for every part of their plan before starting into the New Year. I also had heard that information about a new refiner was on the thread earlier in the week. But putting that aside, out of our conversation I felt good about the fact that there was an apparent excitement that could be sensed in him. It was there because it should be that way. After all of these years I am sure that Dick is not a man that excites easily. He and others at Global have struggled a long time. Dick, the light is not just a glimmer at the end of the tunnel anymore; it is getting quite bright at the end of that tunnel. Your options are starting to unfold. The options include which way is better. Not like in the past where he sometimes had to wonder if he even had any options. I know the guy has lost a lot of sleep over Global in the past, but maybe now he can just start following the normal progression to commercial production. By the way, before you ask, I do not have any Global shares. Nor do I have any financial agreements there. I do own DD shares, but mine are not apparently shining as brightly as Global's are shining. I also talked with the only person at the new upstart Agau Resources, Inc. I personally know. I don't have any shares in that company either. He asked me about my opinion about "due diligence and chain of custody". I am sorry, but that is the wrong question to ask me. I told him that due diligence is not done if you have to educate the assayer in how to do the job. The outside assayer should be paying for the advice. Let them select to pay for the short course or the more expensive long course. I told him that Global was producing metal. It has been verified at a European refiner, at Engelhard, by Consolidated Noble and others. The metal has been produced and weighed. And I am not aware of one red cent that has been paid for that verification. And the method used by Global is one that brings the company closer to being a commercial producer in the precious metals industry. So Kenneth, this advice is for you. Stick to your convictions, try not to "eat your own foot" and be methodical in your approach to building the company; because I am giving you 2 years to do some good, get to a feasibility or step aside and let somebody else do the job for you. You seem to have some good properties in your company, they may not be any better than some others I know of. The difference will be in what you do with yours. And Kenneth, the DD companies have a tendency to look at each other as competition. It is the necessary funding that they need that is so limited and for this money there is such a large demand. But you juniors are all in this together. The DDs are the folks I am talking about. It is we that are involved here, not just "us and them". When any company succeeds in reaching a prudent feasibility that they can live up to, every DD will be the beneficiary. And good luck. I am here to help you if I can. mike