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

To: Richard Mazzarella who wrote (8266)	1/18/1998 9:32:00 AM
From: KRosenfeld	Read Replies (1) \| Respond to of 20681

Mr. Mazzarella, You write "Lots of reasons would have me betting on IPM over Naxos. Frankly, even with the IPM difficulties, I think it still has a better chance of success than Naxos, but each make their own choice." Could you go over the reasons you believe this. I, for one, believe Naxos is just a few steps away, and while I don't know alot about IPM, I see them as having suffered a major setback. In fact, IPM's best chance may be the J-L process. I am interested in what makes you more of an IPM believer. Ken Rosenfeld

To: Richard Mazzarella who wrote (8266)	1/18/1998 12:31:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

Richard, I believe this thread has been very open to discussions with skeptics. I have been to many SI threads and this is one of the most open. I agree that Naxos is a very speculative stock and despite the positive releases we have seen recently there is still a long way to go. However I cannot understand how looking at all the information on the table at this time anyone can come to the conclusion that IPM has a better chance of success than Naxos. Naxos has certified results in multiple ounces while IPM can't break .1. IPM would barely be profitable if convetional technology were viable let alone a complex ore. On what possible basis can you make the assessment that IPM is in better shape than Naxos? Henry