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

To: GOGI who wrote (8672)	1/28/1998 8:55:00 AM
From: mark silvers	Read Replies (2) \| Respond to of 20681

Good Morning All, I have just finished reading all the posts from last night and have to say that I am somewhat surprised by people's thoughts/reactions. I have spoken with many of you personally, and would like to think that you believe that I would never lie to any of you, and am always willing to speak my mind. I have tried (ineloquently, perhaps) to explain previously that it is my opinion that the share price is a rather poor indicator of what is truly happening behind the scenes from a technical perspective. I am not talking about Naxos specifically, but rather any closely held, relatively unknown R&D company. In any situation such as this, there are continual "events" and "happenings" that are not related to shareholders, nor should they be. The best way to judge the progress of any stock in this situation is to track the developments or "watershed" events. Let's do that in Naxos' case. Naxos has gone and secured COC ore by one of the best engineering firms in the country. They have had testing done by one of the best labs in the world. They have certification from one hole) that show mind-blowing levels of gold at certain depths. The lab has reported on large, but inconsistent levels of platinum in the same hole. The company has purchased the equipment for a 5 tpd pilot plant and is securing the permits for the opperation of that plant. They are in the process of finshing the five remaining BD holes, and are forging ahead with plans for another 40 holes. Compare that with the state of affairs of a year ago, or even six months ago. There has been much progress made. In may not be as fast as you would like it, it may not be as public as you like it, and it certaintly hasn't affected the share price in the manner in which you would like it. That does not mean that the progress hasn't been made and isn't absolutely, inherently ,RELEVANT to what you are ultimately looking for, the transformation of Naxos from a R&D effort into a real mine. Now some of you may say that I am being a cheerleader, or that I am a brown nose, or an eternal optimist and therefore my opinion shouldn't count. That's fine by me. This is my opinion. I have lived through a lot in my short life and have learned to trust my opinion regardless of what other people think or say. Feel free to comment, but for me the path is a clear one. Mark