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

To: Graystone who wrote (11138)	3/27/1998 3:44:00 PM
From: Random Walk	Respond to of 20681

Stoney consider that 10.625 represents resistence. Perhaps if we break such resistence we will run further. I think at this point we know where # speculation leads, however the prospects for significant appreciation exists. Look back to IPM that traded where we are now, then released #s only to fall to .56. That we hold @ $4.00 is puzzling since we have over a mile between .22's. It's only a matter of time matey, only a matter of time. Don Schreiber

To: Graystone who wrote (11138)	3/27/1998 3:44:00 PM
From: mark silvers	Respond to of 20681

Greystone Up to this point, Austin and Co., have only gotten $250,000. They havent recieved 2 million shares or even 2 shares to the best of my knowledge. At the rate things are going, I dont think they will be getting any shares, anytime soon. You are correct, talk about Krugerands piled high into the sky is premature at best, debilitating towards credibility at worst. I do think that there is value in defining the content of FL on a scientific basis. If the hoped for content of the property at Fl can be proven using SFA, I think things will work out very well for Naxof shareholders in the long run. there is a lot of work to do to get to that point however. The next 31 holes will be very interesting(3 left over from the previous 5 holes, and the next 28)If these types of numbers continue, My guess is that the industry will start to pay attention to the potential of FL. With results from 2 referee labs on COC ore, I think even warriors on the other side of the battle field will have momentary lapses of doubt, lower their mace and wonder, "What if....." Mark