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

To: Neal davidson who wrote (12565)	5/4/1998 2:55:00 PM
From: Tom Frederick	Respond to of 20681

Neal, I think you make a very good point regarding the U.S. listings. Lets assume for a minute that the ASC slaps some wrists or worse, it would seem for key investors, on this point, that they would want to know if the SAME people were still by in large in charge at Naxos. If so, it may give them pause. On the other side of this equation would be any large, well known investor to look past those issues straight ahead at the property and make their investment decision based on ore content alone and assume that all other issues can be managed or resolved in one way or another. As far as other opportunities around the corner, I would make the case that if Naxos can move along a path that starts to prove out at .1 or .2 per ton and do a drill program covering the area containing the 2 to 3 billion tons of material with similar results, there are not many others around the corner like this. FL will truly be unique in size and richness of ore. But that is yet to be proven. We'll see. Regards, Tom F.