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

To: Tom Frederick who wrote (10558)	3/19/1998 3:08:00 AM
From: Graystone	Read Replies (2) \| Respond to of 20681

Tom Why would you believe that ? If the ore is simple, ground and untreated values as stated, where do you see a problem. Why do we have to learn. Is this News Release clear on the material being processed at CMRI, is that the untreated ore that Ledoux is grinding ? Do you think that might be the problem.

To: Tom Frederick who wrote (10558)	3/19/1998 9:08:00 AM
From: ShoppinTheNet	Read Replies (1) \| Respond to of 20681

"Mr. 2, sorry this was delayed but I think that this ore still requires a learning curve and Ledoux is way down to curve compared to anyone. I would anticipate that the Rocky Mtn location would also start to get around the Ledoux numbers with a few more weeks of testing." If that is the case I would not be reporting Rocky's numbers. I don't feel putting that explanation on the press release will make potential investors comfortable. To leave them with no explanation is equaly damaging. What Naxos has to quit doing is testing and recovery research on their drill holes. You start assaying them after you have determined the process you intend to use. To do it this way is a waste of time and money. We will get 200 holes tested and then say hey this new process is the best but we used up all the samples so we need 200 more holes. Its my money you are spending. Spend it wisely.