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

To: mark silvers who wrote (9976)	3/13/1998 2:37:00 PM
From: Cascade Berry	Read Replies (1) \| Respond to of 20681

Yes. I've seen this all before. There's always a "pilot plant". There's always 1 oz per ton+. Then it hits the fan. I suggest that you all investigate the history of this man. And I don't mean for just 3 years. Try twenty. Enough said.

To: mark silvers who wrote (9976)	3/13/1998 3:21:00 PM
From: Jim	Respond to of 20681

To All, Yesterday's news releases were a little confusing to me, so I put in a call to IR. I was informed that they are getting ALOT of calls from many interested and concerned parties since the release. Some folks appear to be upset that Jimmy John has stepped down from his position. Matt is also gone. Apparently, this is good news to the institutional investing community. The numbers that were released yesterday are also good news to the institutions. From what I understood (and someone please correct me if I am wrong), the results were from ore that had been prepared through the 3 Johnson/Lett stages. The assay performed was also a Johnson version of a lead fire assay. As has been discussed on this thread before, there are MANY different accepted forms of lead fire assays and Dr. Johnson's method is supposed to be one of them. That said, I was also told that on these particular samples the Johnson methods did not produce significantly better results than had they been tested without having been thru the process. Dr. Johnson's methods are still a work in progress and hopefully will improve with time and further analysis, but if they do not improve we can still be happy with these numbers (in my humble opinion). So, yes Dr. Johnson is still working with Naxos, but I do not think that any portion of the original agreement has been paid out at this point due to the need for further testing. Also significant is the fact that Ledoux and RMG are 2 of only 3 referee labs in the country (world ?). I think this lends alot of credibility to Naxos that they are working with some of the best and most respected labs around. With the events of the past couple of days beginning to become more clear I guess I conclude that all of these events are for the good of Naxos and it's share holders in the long run. I still have a couple of issues though. The first, how the hell did this SHADOW poster KNOW what the release was going to be a day before it came out. This type of problem has been eluded to by Henry before and needs to be controlled better in the future. It does all of the shareholders a disservice for this type of information to make it to the internet before it is officially released by the company. The second issue is that it wasn't explained in the release why there were multiple assays performed per section. This though could be of my own ignorance for not having done enough due diligence to understand how a COC assay is collected, prepared & performed. Sorry to be so long winded, but I've been away for awhile and had alot to think about while I was away. Happy Friday the 13th to everyone ! Jim p.s. Sorry Henry, I have to disagree with you on the Michigan hoop team's chances this year. I loved their football team, but I will stand by my decision that the hoop team is a totally "speculative" play to win the tourny :)