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

To: Larry Macklin who wrote (17255)	12/15/1998 9:38:00 AM
From: Tom Frederick	Respond to of 20681

For all those still not sure about the real value of J/L, think about this. Is it likely that the Naxos board (which is made up of very large shareholders, which means money tied up in Naxos and hoping for success) has proof from J/L that the process works, and that it has great promise after many many months of spending very good money on allowing them to prove the process, and has now decided they want to NOT prove the worth of FL and move on to yet another LESS promising technique all for the purpose of not working a deal with J/L? Does it not seem much MORE likely that this board of shareholders finally said "enough is enough". And they let J/L walk because after spending OUR MONEY for so many months had no serious evidence of the efficacy of the process? AND now a new lab has presented a more promising technique (which has now been presented for all to see) who is willing to share the process and provide proof in a recovery format providing a clear path for progress! It doesn't take a minerologist to figure out where the J/L process and therefor the deal was going. Nowhere and fast. It seems that most of the discussion regarding J/L and Father Gregory is more in the line of how many FEEL about the deal and less about what people THINK about the deal. All that matters to all of us is proof of what is in the ground at FL and a way to extract it economically. So let's get on with it. Tom F.