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

To: mark silvers who wrote (14127)	7/9/1998 10:58:00 AM
From: Larry Macklin	Read Replies (1) \| Respond to of 20681

first of all i want to say that i agree with mark. we need to work together and try to figure out whats best for naxos and its shareholders. We must keep in mind,however, that there are most likely some people on the thread that have their own personal interests and those interests are not in line with what is best for all of naxos shareholders. I would think that these people will not be so willing to cooperate in any new era of harmony but lets give it a shot! secondly, on the issue of proxys. I told my broker at paine webber that i wanted to vote my shares at the annual meeting and the next day i recieved a wriiten proxy from paine webber allowing me to legally vote my shares at the annual meeting. Any of you can do the same or you can ask your broker to appoint the proxy to anyone that you would like to vote your shares for you at the annual meeting. Larry Macklin

To: mark silvers who wrote (14127)	7/9/1998 11:53:00 AM
From: Tom Frederick	Respond to of 20681

Mark, you hit on a point that is crucial in this discussion about J/L testing. There are two arenas for "approval" or "verification" of the J/L method. One arena is the stockholders and I would assume that if we saw test results, certified or not, that provided significant enhancement to the previous results, most investors would jump for joy. However, the second arena, the institutions and potential JV's for Naxos, is where it really makes a difference. We are not going anywhere without A LOT of money to do a full scale property wide COC drill and test program PLUS a fully operational pilot plant proving up ALL precious metals in the ore. This costs big bucks. If the industry in general will walk away with the reintroduction of the J/L method as the LEAD method, what is it worth? A nice jump in the stock price for a week or two and then.....silence from all the key players who are poised right now to move us to the next step? We need to have a good idea of the response of CPM, John Norton, Jeremi, plus on the money side, any parties already contacted as potential large investors, etc. what THEY would think if J/L became the lead technology. It may shed a little different light on the impact on Naxos' future in terms of large scale interest in the property and therefor the enthusiasm for J/L. Let's all keep in mind one thing. The ultimate success of the property will depend on the recovery methods used. The assays will only help short term stock gains. We need to ask ourselves a simple question. Are we excited about J/L because we want to see a higher price on Naxos so we can "feel" better or cash in OR are we excited about J/L because it will prove the real value of the FL property. If it is the later, it can be proven at recovery. If it is the former, that motivation can cloud reasoning. JMHO Tom F. Mark, please note that many of the later comments were not directed at you. Kind of stream of conciousness stuff.