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

To: mfgrep who wrote (10495)	3/18/1998 1:19:00 PM
From: Henry Volquardsen	Respond to of 20681

Jason, We still need to see a lot of work to prove out numbers but your post is a good summation of what I said. The information in table 1, if proved out, provides a very good baseline at which the property is viable. If the Johnson-Lett process proves out as a tool that can enhance yields, so much the better. There is still a long road ahead of us but this was an important development. Cheers, Henry

To: mfgrep who wrote (10495)	3/18/1998 1:21:00 PM
From: KRosenfeld	Respond to of 20681

Jason, I, like you, have a limited working knowledge of mining. I have gained great incite from many of the members on this thread, and thus I show them a great deal of respect (which I believe they have earned based on their contributions to the thread). In all due respect, Naxos really does not need more investors like us. What they need is investors with last names like Fidelity, Putnam, and Vanguaard. As much as I hate to admit it, the institutions are going to move the price of this stock, not us small investors. I, my family, and my friends have already tried it, unsuccessfully I might add. Sincerely, Ken Rosenfeld

To: mfgrep who wrote (10495)	3/18/1998 2:21:00 PM
From: T Wangsness	Read Replies (2) \| Respond to of 20681

I appreciate the enthusiasm for Naxos shown on this thread, although I occasionally believe a few have a pronounced hue of rose on their glasses :-)! I'm long on the stock, but clearly realize the speculative nature of mining exploration in general and the DDs in particular. I see a lot of discussion regarding the viability of the assay methodologies used to date. I don't see the same attention given to the recovery methods likely to be used. For us non-metallurgical types, I would appreciate some discussion as to the likelihood that the J-L assay method will also be realizable in the recovery or extraction process. It is apparent from the certifiable results to date that Au and PGMs exist on the property. Can Naxos come up with a economical method of extracting the goodies in the dirt? -Todd-