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

To: Henry Volquardsen who wrote (10672)	3/20/1998 10:41:00 AM
From: Tom Frederick	Respond to of 20681

Kim thanks for posting the release. Russ, thanks for a well written, well thought out release. This is where we need to be. Deliberate, forward progress that has a plan in mind. (in mine?) Both frequency and quality of content are rising steadily. And for all those who still think we don't have anything, why in God's little green earth would the board of Naxos agree to go onto a spending program for the drilling unless there was very good reason to do so? With Standard Assay and deeper holes, it looks like they will be able to prove to the market that with well established assay and recovery formats, FL represent a HUGE deposit. Remember down to 250 feet it was estimated that FL had about 3 billion tons of material. I am anxious to see if they can get solid results (.07 or better) down to 500 feet. Even at .07, it is significant since the last testing used very low cost formats with only 200 mesh grinding and standard fire assay implying also that standard low cost methods of recovery would also be valid. But even so, the results after the 250- 300 foot level will be gravy. This drill program could be what it takes to open up this log jam on the general opinion of the market and therefor the stock price - after good solid numbers on 10 or 15 holes, watch out! Tom F.