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

To: Jerry in Omaha who wrote (8360)	1/21/1998 1:07:00 PM
From: Jim	Respond to of 20681

Jerard, IPM folks haven't been the only ones that need convincing after their experience. I still have everyone I talk to about the stock start their response with "Is this ANOTHER Bre-X ??? I'm not even interested !". So I guess if Naxos isn't for real it will be shame on me, but at this point I haven't seen anything that NAXOS has done to prove to me otherwise. In fact, they have exceeded my expectations. First, it was the multi-phase deal with Johnson/Lett. Now, the multi- lab testing. Keep up the good work I say. Will there be setbacks along the way ? You bet ! But they are to be expected. What was that my Dad always said to me...oh yeah "Nothing worthwhile in life is ever easy" Thanks Dad... Jim

To: Jerry in Omaha who wrote (8360)	1/21/1998 3:03:00 PM
From: sh	Read Replies (1) \| Respond to of 20681

JP, You must surely not think that I am an IMPer (never held an IPM share in my life, was not even tempted). My interest in the DD's (other than a very small position in GPGI) is in Naxos. The only reason I'm spooked is because of my limited knowledge of this mining industry. When I hear that one set of results is from a "standard" lead fire assay, while the other is not, I begin to ask questions such as why? If it worked the first time through the standard, why go to a slightly modified? It's really a matter of curiosity, not concern. To me, the company has shown it has the goods and it's only a matter of time before we prove the large extent and economical recovery thereof. I too feel bad for the IPMers and have expressed my empathy on their thread. I was really hoping they would get good numbers since I believe that positive results from any DD can only help the other DD's, all of which are still trying to prove their legitimacy to the general mining community. It's good to see our posters engage in positive discussions with the IPMers. Unlike Bre-X, IPM is not a totally lost cause. While, unlike our friend of old Jay Taylor, I believe it is absurd to think that IPM is a better buy than Naxos, those who were and continue to be deeply involved in IPM may get some relief yet. However, to those who have been so badly burned that they are now casting aspersions on other DD's, your comments are most appropriate. Time should heal their pain and rationality should take over once again at some time. At that point, they may even decide to get into our favorite stock. sh