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

To: mark silvers who wrote (18772)	4/27/1999 5:00:00 PM
From: Ron	Respond to of 20681

Mark, Restricted is the answer. Share selling started over two months ago by a lot of folks who have held MG since the old Marriah/Guildmark days. They were on the downside for several years and took some $$ off the table. Accumulation has also been going on in MG...check the logs. I know there are assumptions...there are even in COC and 3 rd party verif. That's a given. I think your reference to GPGI is really off base. No one can tell you how much ore goes into what at GPGI. And refiners checks? where? MG has scaled the process from grams to now tons. And measured it all along the way. And reported it all along the way. And shown the first of many checks. Did you notice there was no effort to cover anything? This process isn't black box. But you don't have to believe...yet. MG has a very good idea of costs, and they continue to refine them as each batch of ore goes thru. I suspect we will hear some preliminary figures at the AGM. Consistency?? Look at the releases, watch the upcoming results. There is a basic difference in Management styles and philosophy between the Naxos of old and MG. MG wants to make a major mining company, wants to change the direction of mining, wants to prove themselves to the naysayers with performance. It's not a bad approach to take.