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

To: GlobalMarine who wrote (8702)	1/29/1998 12:13:00 PM
From: Tom Frederick	Read Replies (2) \| Respond to of 20681

Rand, I think you have some good points, but I don't agree with the implied motivations of Naxos management in particular. I do believe that the management of Naxos will take whatever time it feels is necessary to get the job done and as a result, they do not seem to feel tied to any specific deadline. However, in your post, you seem to imply (unless I misread you) that they have a fairly cavalier attitude about the ultimate result of this venture. I am of the opinion that all those involved are extremely interested in making this a great success. I don't detect a casual attitude toward testing of materials, establishing funding that is plowed right back into the company in the form of equipment for recovery, or the diligent efforts to keep on top of disturbance permits, etc.. As Kim has pointed out however, while Naxos seems to be at the tail end of the R&D stage, research and refinement of the assay and recovery methods is continuing (although now on one specific methodology) and there is no one, not even the scientists in the labs, who can say when it will be completed. That is the nature of discovery and particularly when the discovery might be as impactful as this one could be. It is not easy to be patient with this company. But they have proven up some unbelievable numbers...as promised and promoted. Even Microsoft virtually Never launches new software on schedule, and I don't think we can expect any more from Naxos. Regards, Tom F.