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

To: mark silvers who wrote (14204)	7/11/1998 8:28:00 PM
From: go4it	Read Replies (1) \| Respond to of 20681

Mark, I can tell you why I agree with what knight said FWIW. IPM preached that they had this great geophysicist at the helm but they still went to a bunch of back yard chemists that promised them great results and were long on promise and short on results. They had everything in the world going for them and they still pissed their money away. Considering the mineralization that naxos claims to posses I think that offering 1/3 of the company to a viable and cheap process would be a very good deal but proof must come before anything is layed out and all that matters is results first. Naxos could take it one step further and only offer a % deal on the smelter royalty so that the only way that a person offering a process makes any money at all is if Naxos makes money. Just my opinion of course. I hope all is well with you and yours. Chuck

To: mark silvers who wrote (14204)	7/12/1998 3:03:00 PM
From: knight	Read Replies (1) \| Respond to of 20681

Hi Mark, whew! tall order ;-). I could ramble on at length on Naxos, but I'll try to keep it short. While most SH will focus on the current developments, I compare current progress to the past history of the company. Is the company moving forward, breaking new ground, or is it repeating a pattern using a different spin? I have followed Naxos for quite some time and liked the stock based on the SA properties, but for some reason, JJ shifted the focus to FL. I guess we all know the story from then on. That's why the announcement of the J/L deal last Fall sent up a red flag. Instead of forward progress, we were witnessing a repeat in the pattern. Another "patent-pending" methodology with a nice juicy deal. Same story, different day. Then we see a turn in events. JJ steps aside, we get some new blood on board with some mining experience (hmmmm, now why didn't Naxos think of doing that before ;-)). The SFA is now being used and the focus is shifted from the J/L save-all methodology to "let's prove up reseves that are acceptable to the mainstream mining community". I'm still skeptical, but I like what I see. I do think the company should make some announcement regarding the pilot plant and the ASC hearings. Also, to alleviate some of the skepticism by the media, having a lab acceptable to Canadian stock exchanges do check assays. Believe me, this would go a loooooong way for Naxos' credibility. Anyways, just a few thoughts. Best of luck to all.