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

To: Richard Mazzarella who wrote (9926)	3/13/1998 11:34:00 AM
From: Tom Frederick	Respond to of 20681

Richard, your response to Mark makes so many assumptions it is not a fair way to "end" the conversation. It's kind of like ending an interview with some politician in the last 6 second and saying "I guess we won't have time to clarify if you still beat your wife. Well that's all we have time for. Good night" The 8 opt from GPGI is not a certified COC number so it is NOT confirmed as real results. As far as lower OPT properties, the world is littered with very profitable mines with averages all BELOW .1 opt. So lower opt is not an issue at all. You still take "complex" as a dirty word in the context of ore. EVERY ORE IS COMPLEX to one degree or another. The last assay results were using the most standard method of testing of all on this very "complex" ore and those results were mostly ABOVE world standards for profitable mining. AND we know full well that those results are much lower than when Naxos can use the preferred method of COC, certified testing (the complete three phase Johnson method) already done by Ledoux which produced unbelievable results. Remember, the opt multiplied by the very large ore body (1 to 3 billion tons) and the very easy access to the ore all add up to a great opportunity. I think it is relevant and important to follow world mining realities, current facts from Naxos testing etc. I still wish you luck and hope that you come to a conclusion regarding Naxos that meets your own criteria for comfort level on an investment. Regards, Tom F.