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

To: Steve Skapik who wrote (9476)	3/9/1998 11:09:00 AM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Steve, I completely understand the frustration. I was introduced to Naxos in March of 95 at which time I was told by Naxos shareholders already into their 3rd year that Naxos would be off the charts by that June. At the time it was trading at around $2 to $3. Based on the numbers released already, Naxos is what I feel one of the most undervalued stocks ever. It has huge potential once they can prove the size of the deposit and the homogeneity. If there are hundreds of millions of ounce of PM's, don't worry - it will be recovered economically. I just want to see this go so I can set up my family debt free,college and weddings covered, retirement, etc.. I know people who have much more serious life issues that I wouldn't wish on anyone who hold out hope that Naxos is going to come through. But, and here is the important thing to remember, we as stockholders sometimes approach Naxos as if the company OWES us success on our timetable. Naxos has made steady, but bumpy progress for the last 2 years and specifically the last 6 months. (Do you wish you owned the stock with the "great management" right now?)We are closer than ever but as much as we wish our "willing" releases to happen will make it so, it won't. If the next release is as big as Kim outlined, give them the time they need to produce it. It will have much more impact than 5 releases of 4 or 6 numbers each. If you were a PM investment banker, would you bet the farm on Naxos right now? Not hardly. Not enough information. BUT, a release of 120 to 360 numbers from 5 independent labs on two well spaced holes from surface to 250 feet? Well, that will get your attention. Even HALF of that would get your attention. Even half the last Ledoux numbers over that many numbers would get your attention. I wish it was already out. I do. But what I wish for is a GREAT release to be out. And if a great release takes some extra time, so be it. Regards, Tom F.