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

To: jbIII who wrote (16362)	9/24/1998 5:12:00 PM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Mr Berech, As you point out, the Oracle says "so, Ledoux & Co. assays really were the culprits" clarifying, even in the Oracles' opinion, the assays are at fault, not necessarily the property or the content of the ore. What I am very anxious to see is what test results have brought Naxos around to restarting a more aggressive agreement with Johnson/Lett. If J/L can show good numbers on COC material with certified results from another lab with a solid reputation, what will the market think? Bottom line as always, is what's in that ore and is there a method of testing that can work with repeatability and reliability showing economic grades of PM's? Naxos is now under an even greater burden of proof than they were previously thanks to Ledoux's retraction on the SFA test results. The next steps that Naxos takes, particularly with FL, will need to be very careful, very measured and very understated to minimize potential misteps and false expectations. At this juncture, I hope that every precaution possible is being taken by Naxos management to be absolutely sure of any results before they are published. So I fully expect them to take their time, review, retest, review and retest again. Whenever it comes, it comes. But for goodness sake, they (and the lab too, for that matter)better be 100% confident in the accuracy of the results . Watching and waiting, Tom F.

To: jbIII who wrote (16362)	9/24/1998 5:14:00 PM
From: W.F. Schwertley	Respond to of 20681

Well, I for one lost a lot of money because of Ledoux's incompetence. Is it not time to initiate a lawsuit? WFS