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

To: Henry Volquardsen who wrote (9048)	2/12/1998 1:51:00 PM
From: mark silvers	Read Replies (2) \| Respond to of 20681

Henry True enough kimosabe. However let's address your two questions and work through it that way. 1. << I believe they are the answer to the two big questions any new investor to Naxos will need to have answered. The first question is 'Can the Johnson-Lett process be scaled up for commercial application or does it only work in the lab?'. >> I'm not entirely sure that is true. It certaintly is true that ULTIMATELY commercial applicability is THE question. However, most mines(or mines to be) begin to get valued BEFORE that stage. It starts to happen as the amount and grades of the reserves start to come into focus. I don't see why Naxos should be any exception. We are currently just beginning that process, and it appears that it may start to happen with greater frequency and speed. 2. << The second question and one that will be even more important to answer is 'Is this another Bre-X?'. Bre-Xwas reporting numbers from reputable sources as well and fooled some very credible people, remember mining companies were fighting with each other to get in line to partner.>> As we have discussed on this thread before, there is no comparison between the two. You say that most investors dont have the time and/or willingness to undertake the amount of research that many of us on this thread have devoted ourselves to. Again, I disagree. Anyone who is going to consider buying a jr mining stock is going to take the time to do a minimum amount of research. Undertaking that minimum amount they will find that Naxos has certified COC numbers from reputable firms. That alone is more than Bre-x ever had and at the minimum says that naxos is not a scam. We KNOW that at least in two holes and in several intersections there is irrefutable proof of the existence of PMs at Franklin Lake. Mark

To: Henry Volquardsen who wrote (9048)	2/12/1998 2:45:00 PM
From: SER	Read Replies (2) \| Respond to of 20681

Henry, I agree with your thoughts on what a new investor needs to know. My wife and I have been into Naxos since June of '94. Last April we increased our investment in Naxos and I am thinking about increasing it again. BUT I have the same question that a new investor would and should have. Is this another Bre-X?? Does the leadership at Naxos have it together enough? Are the numbers just to good to be true? Can anyone answer these questions with a strong YES without hesitation or vacillation? I have not done as much DD as many of you on this thread. I joined this thread recently to learn more about Naxos and I have. The level of thought, concerns and diligence has helped me and I want to say thank you to all. I am a gambler and when I bet I always bet on the long shots (It pays more) and this is a long shot. But I'm not sure if I should increase or decrease my investment (bet). I need help. Any suggestions? Thoughts? SER