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

To: Karl Zetmeir who wrote (18498)	4/7/1999 9:54:00 AM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Karl, There is a very key message the MGAU stock price should be sending you. The market is highly skeptical of the J/L process. If the mining community had even moderate confidence in the veracity of J/L, and MGAU announced the 1.73 opt recovered metal, there should be HUGE volume going through every day now. Think about it...even if MGAU only had 100 million tons of ore, they would be THE largest gold deposit ever. In proportion, the FL playa is estimated to have over 3 BILLION tons of ore just down to 300 feet with bedrock at around 1,200 feet. So 100 millions tons is not much ore at all. The market needs a much higher level of proof and so far MGAU and J/L have not provided it. Take the underlying advice of those here who have questioned your posts and opinions...DON'T swallow the whole J/L story hook line and sinker until there is third party verification. Otherwise, like quite a few of us here, you could be getting many, many phone calls from those you advised asking things like "Karl, it's been over a year now and MGAU is down to 35 cents. Should we hold on or sell?" Hey, J/L may actually work on the MGAU ore, but until a third party verifies and you know that J/L didn't use 1.70 opt Au as the extraction metal for that ton of ore, keep checking, keep asking. Tom F.