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

To: ShoppinTheNet who wrote (12492)	4/30/1998 7:09:00 PM
From: JoshinLA	Read Replies (1) \| Respond to of 20681

Regarding your last post about 7.4 years or 3.7 years . Real eye opener Lets see been lurking since August. 97, 9 months over 7,000 posts 7.4 years another 77,700 post give or take a few thousand or 3.7 years hopefully humping 33,411 posts WOW !!! All I can do is laugh. I appreciate all the technical information and humor. "Just two more weeks" Josh Go Blue!

To: ShoppinTheNet who wrote (12492)	4/30/1998 8:13:00 PM
From: jbIII	Read Replies (1) \| Respond to of 20681

Mr. 2, Call me Mr. 3 if you like<g> I have to agree with you on one point and disagree on another. I do believe it will take much more than sample data to get the stock moving. A vital ingredient<imo> will have to be an economic recovery process and/or gold bars on the table before any major mutual funds begin to take notice. I think it's unrealistic to expect any one individual or group of investors to put the kind of money it's going to take, into this kind of risk investment. Only when the precious metal funds start buying into it will the price start to move significantly. I don't think metal funds are willing at this point partly because of their own performances over past two years. Example, Fidelity American Gold was down over 50% since its high in 1996, it rebounded a little recently due to POG. This fund has nearly 60% of its assets in its top 10 companies(current gold producers). It has less the 5% cash available for new investments. For it's profile: biz.yahoo.com Metal mutual funds are not likely to have much new cash in-flow except for some contrarian types and people in a coma with automatic account builder programs. There might be some but not too many fund managers that would be willing to sell off their producing companies for something as risky as a DD. Again this is just my opinion. I think you are being a little pessimistic (or maybe exaggerating for fun) about the 7.4 yrs. I don't think that we will see a once a month, complete set of data on one hole, news release. Rather, I expect ( or maybe its just what I would do) to see samples from key sections for several holes at a time. If the plan is to prove homogeneity throughout, sample data from a lot of holes at key sections can be conclusive. Key sections can be determined from previous drill holes targeting the higher value sections. Does it really matter if all the 10 to 20 foot sections show only .01opt if all the 100-120 sections show .2 or more? Then over time you can fill in the gaps with more samples. Hopefully by then they will be drilling and scooping and crushing and baking and extracting all the gold and pgm's that anyone could want. Or at least enough to make a decent profit<vbg>, don't want to flood the market, law of supply and demand works for gold too! By the way, if anyone notices that I am posting more its because I decided to support SI in their endeavor and hope that this service stays around for a long time<ggg>. Go Naxos, johnb3