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

To: Jan A. Van Hummel who wrote (8124)	1/14/1998 2:16:00 PM
From: Karl Zetmeir	Respond to of 20681

Believe me ... BXM is something I know something about ... :-( It had around 22 mil shares prior to the split. Someone else asked how it got that high ... We all thought Kilborn Eng. had monitored all aspects of the operation ... reputable assay labs were used, 40,000 assays were performed, thousand of check assays ... The point being ... we all thought is was certified ... that the resource calculation was bona fide. The point is ... if someone really wants to cheat you ... THEY WILL! This not only happens in JVG ... but other sectors as well. Unfortunately, the investing public is looking at BXM and others to see how easily it can be accomplished ... and have walked from the mining sector. Hence, the VSE is down about 50%! According to Baines ... a lot of folks simply don't believe Naxos has passed the smell test yet. Patience, Grasshopper.