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

To: Richard Mazzarella who wrote (13038)	5/19/1998 2:58:00 PM
From: Tom Frederick	Read Replies (2) \| Respond to of 20681

Richard, what the key is here is that the "fundamentals" via the BD numbers are very good but not what the majority of current stockholders expect to see. Many bought in on the multiple ounce premise, not SFA testing with .028 to .28 ranges, and so the fundamentals as they are unfolding are disappointing to those stockholders. What I am encouraged by is bigger volume on a day following the big dip with no NEW information out to drive the price other than a day to look at the news and the price and make a decision. We need NEW blood that has the sense to look at FL as a really large ore body with very typical conventional testing results for U.S. properties. This still has the potential to be the largest deposit in the U.S. and beyond and new investors will see this for what it is NOW and what it can be, with clearer vision unclouded by multiple opt expectations. Regards, Tom F.