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

To: jlallen who wrote (11919)	4/16/1998 5:20:00 PM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Mr. Allen, I agree with your comment to Henry. On both pro and con comments, they need to be addressed and supported. On the con side, it is important to address broad sweeping digs at Naxos mostly because there are many on this thread (many who lurk, and the handful that post) who look to this forum as the main source of current information, lacking any news. Combine that with the simple reality that Naxos only occassionally reacts to news via the stock price in a way that makes sense to anyone, it is critical to keep a clear eye on the fundamentals and make your buy or sell decision accordingly. If you made all Naxos analysis based soley on the stock price, we would have all sold out long ago. But it is the ability to keep an eye on the true progress and real, verifiable testing that helps anyone make a decision to hang in. On the Pro side, if we are overoptimistic, it creates false hope for a quick rise in the price which only results in resentments and frustrations. Naxos is NOT worth $10 right now. It is likely really worth something in the $3 to $4 range or a little higher based on 1.5 holes of COC, certified results. What the POTENTIAL value is, obviously is a whole other story and it is THAT which makes Naxos an exciting stock to buy and hold until the whole story is out. The next 68 holes will tell a much better story and I am in for at least the completion of the drilling and testing of that program. If the area for the 68 holes proves at .2 or .3, it will represent a very large gold find just with that area alone and that is only a small chunk of the property. At that time, the market will HAVE to take a more serious look and put a real value on the property. So I look for the EVENT (as opposed to a time frame) of completion of testing on all 68 holes as a key to moving Naxos to the next step, whenever that is completed. Good luck to all Tom F.