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

To: mark silvers who wrote (9081)	2/13/1998 10:15:00 AM
From: Kurt R.	Read Replies (1) \| Respond to of 20681

open 5 3/16

To: mark silvers who wrote (9081)	2/13/1998 10:16:00 AM
From: Tom Frederick	Respond to of 20681

To All, just some thoughts on Fred Arkoosh, BIG partners, etc. Yes this is a two cupper. Regarding Mr. Arkoosh, it is important to keep in mind that, from the very beginning, Mr. Arkoosh was a temporary employee brought in to assist in moving the company ahead in specific areas. He HAS a job which is running a very successful company for which he is responsible. It was his acute interest in Naxos that drew him to it and as a result Naxos enjoyed the periodic input and management expertise of Mr. Arkoosh. He was NEVER brought on with the intention of being a full time all the time, employee. Whatever his current status is, it is not different than it ever was. Sometimes he is involved heavily, sometimes he takes care of his own business. Having said that, as Jim has pointed out Naxos has indeed done a very good job getting Naxos more and more on a straight path to success as indicated by our current progress. It is the personal committment of people like Jimmy John, who have sacrificed more than anyone on this thread, that will make ALL of us successful with this investment. Regarding a BIG investor or investors - This is chicken and egg stuff as far as I can tell. We MUST move ahead with testing the rest of the BD holes and begin a drill program to prove up the property. We MUST move ahead with recovery to prove the method is viable and scaleable. Those things MUST happen. Now, as to when or if a big investor comes on board, I think there are two scenerios. First, if there are any potential investors who have been kept up to date by Naxos, those will be watching carefully for every release. If they beleive in the basic story, they will need much less new information to make a decision to start more serious talks with Naxos. Within these "well informed" people, if they have heard the Naxos story they are not swayed by the Bre-X etc.. Naxos is about as transparent and high profile in its testing that you can get. And anyone watching will know that. What is more interesting to me is that there are likely two sub groups within this group. One is the group of money people and the other is the possibility of mining people who have been watching from the sidelines, publically calling the whole DD story a farce but privately thinking it might be true. With each round of multiple ounce tests, each of these groups gets more and more anxious to be the "first one in" and therefor gain the best position with Naxos and the next 100 years of PM mining. That is once they truely BELIEVE it to be true. How much testing will that take? NO ONE knows. The second much much larger group is the individual investor and the big trading houses who are completely ingnorant. They don't know how to spell Nax-who? This group will be effected in two ways. First is by industry professionals making public statements and the other is hard facts. The individual investor is swayed easily (jsut watch the broad opinion swings on this thread) but will ask their broker if they heard of this "Naxof, Naxos, I can't remember". The broker in turn will say, "let me just check...no I wouldn't. They have some issues with the ASC. Hey did I tell you about blah, blah, blah" Now on the other side is the head mucky mucks at the brokerage house. If THEY think they can get a jump on a big story, without getting burned, they will likely need much more info, such as a completed drill program for inferred reserves and maybe even recovery. But once they buy in, then all of those same phone brokers will say to those same customers, "oh yeah, Naxos we have as a recommended buy. How many do you want..." Now, the ASC, ASE issues will slowly fade into the background with more drilling, a big name on board, etc. simply because the whole ASE and ASC issues started with the claim that Naxos had no gold and was not using testing methods acceptable by the industry. So all you need in "industry acceptance" and the ASC doesn't have a case to make. Bottom line? Keep testing. Keep pumping out numbers, keep drilling, keep the equipment coming to FL and all the other things will fall into place on their own. We just don't know WHEN the big events we want to happen will happen. No one does. Just my thoughts Tom F.