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

To: Kim W. Brasington who wrote (12874)	5/15/1998 1:15:00 PM
From: Carlo	Read Replies (1) \| Respond to of 20681

When do we see OPT results??. Are you setting us up for low numbers?

To: Kim W. Brasington who wrote (12874)	5/15/1998 1:15:00 PM
From: Henry Volquardsen	Respond to of 20681

Kim, You have some experience with looking at mine valuations. If we indeed drill down 150 feet and we get an average of .1 opt that will indicate a resource of 5.7 million ounces of gold. I am not certain of the technical definitions of inferred, implied or proven. My question is that looking at other projects and the level of prove we will have, what would be some comparable valuations? Henry

To: Kim W. Brasington who wrote (12874)	5/15/1998 1:22:00 PM
From: mfgrep	Read Replies (3) \| Respond to of 20681

Kim-- I have never previously written to you. I have also quit watching the thread with the fervor of an addict as I once did. You may have noticed that the "mood" of the thread has changed from one of anticipation, lust, and excitement to one of melancholy, loss, and denial. Denial I believe rules the thread. From what little I know of you and your posts you have been straightforward, to the point (although generally just missing it a bit)and sporadic at best. I am still waiting for some key answers that are UNBELIEVABLY unavailable. 1) Where is the mining equipment that was to be delivered to FL??? 2) Has the equipment been paid for? Is it set up? 3) What is the status of the SEC hearings 4) Where are the results from additional holes? Wasn't the "new mgmt" going to be giving us "regular" reports? 5) What progress has the South Africans made? If any? 6) What is the status of the J/L process? I assume that if the process were worth its weight and/or if Dr. Johnson was 1/1,000,000 the business man that Clinton is he would be trying to sell it to any DD operation under our sun or theirs! Gosh...if I sound as if I've been misled...you're right! I feel like a major big-time sucker with regards to my Naxos investment. For those of you on this thread who continue with the "GO Naxos!" rah rah ree.....then you need a dose of the reality pill! I'm not saying that I will never recover my investment from this shaky operation, I may recover my losses. But even recovery of my losses does not change my mind with regards to the way that you, your IR people, and your press releases have misled, misguided, and rained sunshine on your unanswered promises. I feel that you should be ashamed of yourself. I am amazed at the homage that some on this thread pay you! I wish for you to know that I do not feel this respect for you. Jason