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

To: mark silvers who wrote (9054)	2/12/1998 3:36:00 PM
From: Henry Volquardsen	Respond to of 20681

One of the people I speak to put it very nicely, "each mine is a unique metalurgical problem". The difference with Naxos is that the base technology is largely unknown to the investment community in this country. The other mining prospects may also require unique applications but those solutions will be variations of a technological approach that the market is already comfortable with. I don't believe Naxos is getting zero valuation at the current time. Venezuela is probably not worth more than a dollar or two a share so the excess above that is the valuation of Franklin Lake. I disagree about people who buy speculative stocks being a different breed. They have the same range of profiles as the investment community at large. There are an incredible number of people who buy very speculative stocks for very casual reasons.