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

To: Richard Mazzarella who wrote (9912)	3/13/1998 10:34:00 AM
From: mark silvers	Read Replies (1) \| Respond to of 20681

Richard, There are reasons for everything. It has been my understanding(please correct me if I am wrong) that the problem with GPGI has been that there"disturbed" pile of ore can not have COC certification, and that no one knows what is truly in there on a non-concentrated basis. It is also my understanding that their recovery process may be less than optimal and has never been proven to be able to produce more than small sporadic amounts. I dodisagree with your Chip comments. Any difficulties are probably NOT related. We are talking about different methodologies on different ores. They both have taken different approaches, and probably rightly so. I think your assumption of learning from all the dirts is right on in a general sense, but I don't agree when it comes down to narrow specific issues. Does that sound rational? Mark

To: Richard Mazzarella who wrote (9912)	3/13/1998 11:13:00 AM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Richard, OK, lets try this again. You want to apply other failures to Naxos? You think that no matter what the ore grade a property can fail? Yes, of course. But why don't you want to look at the facts as they stand today. EVERY ore body is unique. There is no standard method that works the same on every property around the world. So uniqueness in the ore body, ore complexity of the ore body, is not reason in and of itself to cry wolf. Even with that, you want to paint Naxos with the same brush as two other dirts since you stated "IMO that suggests to me that people shouldn't expect homogeneity in the Naxos dirt." So on the one hand mining experience around the world says every property is unique but you on the other hand say no, assumptions CAN be made between properties with completely different ore characteristics with completely different assay results. PLUS, among these properties only Naxos has released COC, certified results. Richard, I can only see one thing. The test results Naxos has provided have not convinced you that any metal can be mined profitably and that is certainly your prerogative. But what do you think the ignorance you mention applies to? The posters here who might not yet understand the volatile nature of mineral exploration? I hope after 8 years of steady uphill climbing, people who own Naxos understand that well. But if you think this is another wolf in sheeps clothing and you are just waiting for the other shoe to drop, sell. And for anyone else who is, as of yet, unconvinced of the potential value of Naxos, sell. For those who need absolute proof of what the final outcome will be , this is the wrong stock to own. This is a stock for those who see more and more glimpses of what could be an incredibly large ore body and want to ride it out. We have seen PROOF of gold and PGM's from past testing. We have one of the top name labs in the world deciding to spend an inordinate amount of time helping Naxos unlock this very rich ore. Why? They can fill lab time with many other companies ores that need testing. They don't need Naxos to keep them busy. So why Naxos? Because they have seen the glimpse of something unique. Something rare. Something of incredible value. As we have learned over the last year, this is a complex ore that, if tested by preferred methods, produces very high amounts of gold. And even if tested with the most inefficient method of all for this ore, Standard Lead Fire Assay, there are still significant OPT results. So when recovery methods can be applied that are most efficient for the ore, it is not unrealistic to expect improved results more along the line of the last set of numbers from Ledoux. Like Mark reiterated, you can't prove in COC certified results, what isn't there. At this relatively early stage, what else would you want from a junior exploration company? Good luck Richard. Regards, Tom F.