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

To: Larry Brubaker who wrote (8221)1/16/1998 11:27:00 PM
From: sh  Read Replies (1) | Respond to of 20681
 
Larry Brubaker,

I don't know why you guys keep trying to analogize Naxos to IPM. IPM took a major beating because its property turned up relatively barren when the COC certified test results were released. Naxos has shown just the opposite, that it's property has a reasonable likelihood of being very rich with PM's (well, at least gold at this point). There's no lesson that I can fathom for Naxos shareholders from the IPM disappointment. If further testing shows that only a small portion of the property is as rich with PM's as the last press release confirms, then we have a problem. However, the IPM comparison just doesn't fit.

sh



To: Larry Brubaker who wrote (8221)1/17/1998 8:05:00 PM
From: GlobalMarine  Respond to of 20681
 
Larry: I checked out IPM's chart and Naxos does kinda look similar for H2 '97. A big run followed by consolidation for a long period of time. But afterwards, IPM tanked because the fundamentals fizzled out; I'm crossing my fingers and hope things prove out with Naxos so we don't have IPM Part Deux.


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