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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Doug Meetmer who wrote (4467)10/10/1997 7:01:00 PM
From: Dr. JMJ   of 20681
 
Doug - you will notice in the release that the first pmts are for use of the process for assays . This is the part that has been proven. The company is going to start building a pilot recovery plant to process 5000 tons per day - this is why they need 210 days to prove recovery as well as assay. Also ,reading between lines, sounds like results will be out after the close on Tue. Mon. is thanksgiving day in Canada.
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