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

To: Richard Mazzarella who wrote (19178)	5/14/1999 9:19:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

I will never again invest in a dishonest deception no matter what the profit potential How will you know whether it is a dishonest deception or not unless you require third party verification?

To: Richard Mazzarella who wrote (19178)	5/14/1999 9:37:00 AM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Richard, You make a very interesting point regarding the "sentiment indicator". For that is one issue we can all agree on. This stock has become a 90% emotional investment for almost everyone here. But let's be honest. When it comes to a gold strike, the early investors are basing the decision to buy almost totally on how they "feel" about the opportunity, much more than what they think about it. No one in their logical mind thinks, "sure, I can make a 1000% profit in less than a year on this one". But you sure can "feel" like you might just make that kind of hit. What I don't think is plausible, is having 5 or 6 unique methods of assay all showing metal and all of them being frauds. What is certainly plausible is that the chemical structure of this ore is so complicated and tricky, that while some success can be had occasionally with assays, reliable recovery is a whole different matter and much more difficult to nail down. And that is why I believe we are finally on the right track using recovery to prove if FL is worth anything. As far as your comment that "nothing good is happening at the plant" I can't say that there is any material reason to come to that conclusion. One thing I have come to accept is that very few things that any junior exploration companies do are accomplished on a set schedule. We knew going in that they were going to spend whatever time they needed to fine tune the process until they felt it was producing the optimum results. And it is almost impossible to guess how long that will take before using the process in bulk for the first time ever. But most importantly, Bob has finally clamped down on leaks, rumors and whispered hints. If this process were not producing anything worth while, Bob would likely have handed over the reigns with no fight at all at the AGM a few weeks ago. However, he didn't. He fought with everything he had to maintain control. I don't know about you, but I doubt I would tie myself to the mast of a sinking ship, a ship I inherited with some pretty big holes in it having just barely survived the storm of a lifetime. Don't worry about how long it takes to get results. Watch for the results themselves. This is their last best chance focusing on what they MUST prove to be successful for all of us...recovery. Tom F.