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

To: RRG who wrote (14011)	7/6/1998 11:55:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

Bob, I think our expectations are a bit high. I have invested in a number of developmental mines in the past. These companies never released data on individual holes. They only released data at the end of the program and then not specifics, just averages and economics. it could take a year or more from the start of the program till we would get the results. In the past Naxos has indicated they would release more information than I have indicated above. But in my discussions with the company I got the feeling they wanted to move to releasing more data at one shot. So I would not be surprised if we got no more info until this phase was complete. And before anyone asks, no one at the company has told me this. This is just my speculation based on the reporting of other juniors. But I think your question is a good one. I think we have all developed unreasonable expectations for the release of numbers based on what had been promised in the past. I would not be surprised if we eventually find that CPM has counseled Naxos to go for less frequent prs but with more info. Again just my speculation. Also I will try and dig up some specifics from some other mines to show how they report info. Henry