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

To: ShoppinTheNet who wrote (10791)	3/23/1998 10:08:00 AM
From: Tom Frederick	Respond to of 20681

Mr. 2, you are honest and honerable poster. You have stated your position clearly with reasoning I can understand and I sympathize with your frustration. The key with this as an investment is that you do NOT invest your milk money. If this fits into your "risk" portfolio, then for myself, Naxos has been making better and steadier progress than ever and all current testing confirms PM's in the ore. And the payoff has a completely disproportionate relationship to the cash invested. Exactly how much ore there is, when and if this ore is actually going to be mined is a big question but keep in mind (mine?) that many PM discovery firms like Naxos make runs on the stock price long before the first ounce is actually recovered on a large scale. And to expand on that point, I believe that the drilling and assay of the drilling can be MUCH more important than the recovery facility IF the assay results continue on this vein and improve and the property is even somewhat homogeneous, simply because of the size. Even if Naxos can prove gold only, which we know there are more PM's also, and even if the property is on the low side of estimated tonnage (1 billion vs. 3 billion) this still represents a huge deposit. (.2 X 1 billion is 200 million ounces) So it remains to be proven but even if all proof goes to the low side of what we know to date, this has the potential of being very successful. It is highly unlikely that, if Naxos proves up in a drill program 200 million ounces, the PM industry is going to let it sit there. Thank you very much for the answers to the survey. I hope that Naxos continues to provide the necessary proof for all of those long on Naxos to get the point of genuinely believing in the final outcome. Respectful regards, Tom F.