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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: soxan who wrote (19720)8/26/1999 5:26:00 PM
From: Tom Frederick  Read Replies (1) of 20681
 
Soxan, There is a very important point in the Lithium direction which we cannot lose site of which is that the Lithium reserve, if found in the brine, can be recovered with well established low cost processes. We are no longer in the realm of black box, mystery experiments. It is also likely that if other elements can be found in the brine, similar methods of recovery will apply and again, a simple, straightforward process for recovery can be applied.

The result is that once we find out what is in the brine, we have a very high degree of certainty that it can be recovered. What we will have to see is if the concentrations are sufficient to create profit potential. The higher the concentrations and/or the more elements in the brine, the more likely that this will be a profitable project.

This is the best, most well defined opportunity for success we have had in a long time. I wish the Naxos team luck in the drilling and testing program and securing the financing necessary to complete this task.

Tom F.
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