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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Dr. JMJ who wrote (4484)	10/11/1997 12:50:00 PM
From: Doug Meetmer	of 20681

The press release does not say that the first payments are for assay. It says that $250,000 will be paid initially "for the exclusive right to evaluate the new technology over a period of 210 days." They are allowed to evaluate it anyway they like, assay OR recovery OR both. The PR then goes on to say that the company may further elect to cough up more money and options for permanent rights to assay or recovery. The assay methodology is ALSO a recovery process. The big question is, is it the best recovery process for our needs.

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