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

To: mfgrep who wrote (12376)	4/28/1998 12:09:00 PM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Jason, lacking any other issue outlined by your post I was forced to make SOME conclusion. I apologize for putting words in your mouth. Now I want you to be honest with yourself, if the stock price was $15 per share right now, would you have the same concerns? The environmental issues have not come up other than on post in this thread. That does not constitute an "issue" in my mind. A discussion point yes, but hardly an issue. California's record as far a being a mining state plus the proximity to Nevada give Naxos all the wiggle room they need. Besides, someone will want all the royalty revenues. I understand your new batch of concerns, but I don't see the negative impact. Lag time between releases. Yeah I preferred a few months between news releases instead of the current "weeks" didn't you? Missed Deadlines. What deadlines? If you mean the drill program it started without a hitch. The first stage is survey of the property and identification of hole sites. Next is drills hitting the ground. The J/L status, So what, we are getting solid SFA results. We don't live and die by J/L at this point in time. Could J/L help us? Maybe, maybe not. They will continue to test I suppose, but it doesn't affect current progress at all. Again, there is one thing and one thing alone that will change the nature of this company. The extended drilling and testing of the property. The drill program is moving forward. In addition, Russ and crew are in NY until Thursday according to Russ's message on his machine. I don't suppose they are there for the National Storm Door Manufacturers Convention do you? Naxos is clearly on a much more logical and stable path than ever. Enjoy the ride and watch the results. And I promise not to put any thoughts into your head as long as you explain where you are coming from. Regards, Tom F.

To: mfgrep who wrote (12376)	4/28/1998 12:11:00 PM
From: knight	Read Replies (1) \| Respond to of 20681

Jason: >>>talk again of the environmental laws in CA and the affect on Naxos' drilling program and possible future mining program, the lag time between press releases, and many other loose "threads".<<< Since I was the one who brought this up again, I should add a point or three. Operating a mine in any developed nation entails jumping thru the hoops of various regulations, etc. Naxos isn't alone in this regard. Even the best of planning can be de-railed by various govt. bodies and special interest groups. Here in British Columbia, the mining community is besieged on a regular basis by anti-mining forces. Happens everywhere and CA isn't any different in this regard. Bottom line is Naxos must proceed with the development process with the assumption that all will be ok to mine the property. Hmmmmmm? here I am coming to the defense of Naxos. I must make an appointment with my Doctor again :-)).