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

To: mark silvers who wrote (10726)	3/20/1998 3:49:00 PM
From: Johnny Nucleo	Read Replies (1) \| Respond to of 20681

We dont have proven reserves yet. We do have proof of the presence of gold. Proven Reserves will hopefully come in the near future. This is of little value when you do not have an economic recovery process. It makes no difference if you can assay 8 opt or 0.2 opt when you have no ability to recover the metals. I hate to be negative but the last two press releases have not been bullish on the future prospects of the johnson process. I suspect the stock may see increased selling pressure until investors see evidence that the johnson process is viable. J. Nucleo