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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Ron who wrote (17609)	1/28/1999 8:15:00 AM
From: Chuca Marsh	of 20681

Now, lets be preparred to compare and contrast the Number 2 world producer state ( Nevada ) with some grouping of SFA low grade alluvial placer numbers in large bulk tonnages which we call the Carlin Trend as -after all we are all looking at making economic a new Carlin Stlye Mineralization! SEE : mining-technology.com SFDnumbers in Nevada from 0.03 OPT AU to 0.41 as a high number here...much lower than the average ( VBG) that I was showing the misses recently on the MGAU PR...when I said looks like a HALF OUNCE PER TON AVERAGE...she says ..oops I see some 0.25 so the average may not be .50 OPT! I said ...better look at all the numbers near point 6 ! VVBG...she smiled and ...she agreed with me. Half an ounce per ton is better ...by a factor of 40...than the Mininum Economic Standard of 0.03 OPT AU. Of that we must key into...we want MORE than 0.03...that is the goal of all these dirts...everything else is bonus money! Show us yes...and show us numbers and backups to make us comfortable. Good Morning Ron, top of the day to you. It is the weekend that will make us smile, I trust. Your seat vacancy will not be in vain. I trust. Just so Mike uses his shoe and pounds on the Table as in the Fifties ..."We will bury you!" That United Nations speach is still shown on TV sometimes..."Trust but verrify" is a much better Russian saying! Dosvaldonya - Ha...I can't spell it! Anadamher( an old local bread here that was the best DAM BREAD made by Anna- May J & L make good bread with that recipee ), and J & L better not dam bar take a doggie bag home with too much leftovers or the existing shareholders will be questioning! As here....a lesson was taught...but not ...followed thru...every deposite is different I think the Complex Ores of one area and the Non Complex ( should I say less complex ) of another...will be the test ...not a SFA ...but a Bulk Recovery test....a bench test will lead to a Pilot Plant...IMHO...if a working Pilot Plant was availbale here that just demonstrated the testing metyhods...things would be different now. Time will see if the J & L stuff is Bench Tested up to Pilot Plant Level. It starts with a bench run and we all await such here and there ( MG ) and everywhere- The (US ) OTHERS! And checks with SFAs - that is the ticket to sucess...that will be what all will wait for. Chuca

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