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

To: Scott A. Trapp who wrote (14223)	7/13/1998 4:11:00 PM
From: Stoopid	Read Replies (1) \| Respond to of 20681

hear here

To: Scott A. Trapp who wrote (14223)	7/13/1998 4:29:00 PM
From: Tim Hall	Read Replies (2) \| Respond to of 20681

Scott, I agree that management turmoil is causing problems. If NAXOF wants to be a conventional junior with standard fire assay, it is probably over valued right now. As a conventional junior, it has no reserves, no production, no explanation of deposition source or mineralogy. It has an exploration program in the very early stages and so far has found, in conventional terms, a deposit slightly better than most heap leachable deposits in Nevada. Producing juniors, with reserves, Bema, Alta, VGZ would love to be trading where Naxos is right now. However, if Naxos returns to being a desert dirt with multiple ounces of gold and pgms, the rewards justify much higher risks. just my opinion. Tim Hall