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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Jim who wrote (11277)3/30/1998 11:49:00 AM
From: Tom Frederick   of 20681
 
Jim, as you have already pointed out, since Ledoux has been able to
get some great numbers with untreated ore and standard testing, the question becomes, how far should Naxos go on developing J/L for recovery? It would not make much sense doing a complete set up on a plant that might or might not be the final preferred method of recovery. For now, as several other posts have outlined, Naxos may be best served focusing all attention on drilling and SFA testing. The main reason for pushing ahead with the J/L test plant was to prove that the J/L process had a viable recovery format. With standard testing implying standard recovery options, the focus can be on drilling and still impact the future of the company quite well.

For myself, I would be very happy with 28 holes averaging out at .2 or so down to 250 or 300 feet all using SFA. That would speak volumes to all the traditional mining people as well as all the institutions who invest is traditional mines.

Once the property is up and moving on market interest, then they will have much more time and opportunity as well as resources to get back to trying out methods for maximizing recovery. But in the meantime Naxos will have made tremendous progress in drawing a very clear baseline value.

2 more days!!!!!!!!!!!

Hey does, that mean Mr. SK has to change his name? S.Y. Aderom 2?

Regards,

Tom F.
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