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

To: Jim who wrote (11660)	4/9/1998 1:42:00 PM
From: RRG	Respond to of 20681

Multiple and positive SFA's from the other drilling sites with more labs involved---rapid release of the information showing consistency of results and the huge size of the playa becoming evident ----------all this could be the catalyst for increased market attention. Anyone disagree?

To: Jim who wrote (11660)	4/9/1998 1:44:00 PM
From: mark silvers	Respond to of 20681

Jim << Concise, informative and excellent numbers...so what gives ? >> Jim, I have come to the conclusion that what gives is that Naxos is probably fairly valued for the level of proof that we have given to the market place. In other words, it probably doesnt deserve to be any hgher at this point in time.(or any lower either) We basically have a hole and a half of certified COC gold numbers. While that is a great start, it is only a start and only the beginning of the foundation. I think we all got ahead of ourselves previously and it adversely effected our expectations. In order to create value and build upon the base that has begun we need to get more verifiable proof out to the marketplace. That process has begun and there is no way to rush it. It will either happen or it wont, and that is the risk we take as shareholders. I think it will happen and am prepared to give it the time necessary to do so. therefore I hold my shares and wait. Everyone else needs to determine if they have the patience and belief necessary to do the same. Either way, it is your decision to make. JMHO Mark