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

To: Larry Macklin who wrote (8752)	1/31/1998 9:06:00 PM
From: Chuca Marsh	Respond to of 20681

Larry and All; that is the or A problem in the next few weeks. Think of this, Ron posted on his desert dirt wed page last a month this list of desert dirst trying to get the metals: CURRENT LIST of DESERT PLAYERS Prices as of December 12 $Cd/$US exchange at .70 Company Shares Out Price Market Cap $US Int. Precious, IPMCF Nasdaq 21M 1.06US $22,260,000 Naxos, NAXOF Nasdaq 29.0 7.25US $210,250,000 LS Capitol, CHIP Nasdaq BB 12.2M 0.66US $ 8,052,000 Global Platinum, GPGI Nasdaq BB 21M 1.34US $ 28,140,000 Cnd. Mining Company, CNA Alberta 9.1 0.45 $ 2,867,000 Maxam Gold, MXAM Nasdaq BB 45M 0.40 $ 18,000,000 US Power Systems USPS Nasdaq BB 43.5M 0.09 $ 3,915,000 MG Gold, MGAU Nasdaq BB 8.5M 0.50 $4,250,000 Golden Thunder GTH on VSE 2.5M 0.20 $500,000 Note: Nasdaq BB is Nasdaq Bulletin Board ****************** DESERT UPDATES ********************** RSA SITUATIONS/SPECULATIONS Desert Section Volume 1#20 Dec 16/97 4-1565 16th St. E. Suite #221 Owen Sound, Ontario, Canada N4K 6X8 resource@sentex.net Yearly subscription $149 cdn/year $119 US SO we have 9 companies out there, any of whom may be on a breakthrought within the months or so time frame.....and that has to be put in the equation. So I ask you all, what would happen if a FEW of the desert Dirts at the same MONTH TIME parameter, came THROUGH with that needed news, COC in many cases, Numder Of Dollar Payments in another. I suspect such a scenerio is possible this winter and it will hamper the moves of the UPWARD PARBOLIC GRAFTS that we all saw last year. I hope I am wrong, but maybe the fear part of the equation is in me with the greed. So, I say ..double anyway from all current levels of the nine..more than that is an extra. IMO. Cat with nine tails. Or is it lives??? ? Hungry Lion and his friends have changed this metals market with added fear and a dash of self greed. Chuca

To: Larry Macklin who wrote (8752)	1/31/1998 10:11:00 PM
From: B.D.Bauden	Read Replies (2) \| Respond to of 20681

Okay Larry, I'll tell you what I think will happen, but you're not going to like it. My guess is that the stock will get a point or a point and a half boost the day before the news is released due to the word being leaked by insiders. Then it will settle back down to the 5.50 range in about a week or two. I believe that the announcement of very good Au and Pt numbers will be met with total indifference by wall street and at the end of February we will be about where we are now. Let me state for the record that I am long on NAXOF and am a keeper of the faith, but history is on my side with this prediction. I would be delighted to be proven wrong but I don't think this stock is going to move until one of two things happens: 1) We complete the pilot plant and start putting tons of ore in one end and get PM's out the other. 2) Some big name investor with deep pockets dumps a ton of money into FL. As always, just my opinion. BDB

To: Larry Macklin who wrote (8752)	1/31/1998 11:05:00 PM
From: Henry Volquardsen	Respond to of 20681

Larry, I was going to reply to your question but Bruce has already posted my response verbatim. Message 3312362 Henry

To: Larry Macklin who wrote (8752)	2/1/1998 8:48:00 AM
From: BGM	Read Replies (1) \| Respond to of 20681

Larry I agree that the price effect will not be that great (return to 8 and settle at 6.5-7.0). I do also feel that it should take a lot of the risk out of the stock at these levels assumuing the results show consistency through a hole and/or results out of another hole. This would provide a solid basis to proceed with the next steps of the verification. It should give the long investors more peace of mind and patience to wait for 1)exercise of option 2 of JL process, 2)continuation with pilot plant setup, 3)proceeding with additional testing and drilling, 4)final resolution in Canada, 5)further proof of JL process, 6)additional funds for option 3 of JL process, 7)electronic trading in US. I think it takes much of the gamble out to the downside on this stock. If there is that much there through an entire hole and/or in many holes then somehow this will proceed for as long a time as is necessary to bring it to fruition. BGM

To: Larry Macklin who wrote (8752)	2/2/1998 9:54:00 AM
From: Tom Frederick	Read Replies (2) \| Respond to of 20681

Mr. Macklin: It is critical to all of our emotional health to put Naxos into the high risk, high reward category of our portfolios. It is not a good long term plan to keep watching where our stock price is in comparison to our latest news and decide how we are doing based on that price. And even more so, as was already pointed out, we cannot get depressed when we see good news and the stock does not maintain a steady rise in price. We have ALOT left to prove. WE get excited because we are living and breathing this stuff and when we see good news, it paints a very broad stroke picture for us because we put any little piece of good news into our bigger picture and see it coming together. The market needs to see the picture virtually complete for it to say, "yes, now I see what you see". Don't get me wrong. I am well known as a Naxos supporter, but keep in mind, the market as a whole can't even spell Naxos let alone understand how this Desert Dirt thing may actually have some validity to it. Keep your eye on where we are heading. We are making steady progress, the numbers are great, management is investing in all the right things (multiple independent testing facilities, recovery facility) and the proof will begin to build up with each passing week now that we have multiple labs coming on line. Don't worry about the daily price. Keep an eye on real results, real progress and the great direction we are heading. Check out the Maxam release posted before, it gives you a great barometer as to where we are - over 10X the PM concentrations, and much faster results out of Ledoux (really!). Hang in there and learn to take "Naxos Free" breaks. I just came off one and think I will head back on one again. It makes a world of difference. Regards, Tom F.