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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Kim W. Brasington who wrote (7528)12/18/1997 9:58:00 PM
From: Larry Brubaker  Read Replies (1) of 20681
 
<<Successful lab results are a strong indicator of what could be the likely outcome of a pilot plant scale-up.>>

Kim: My point was that successful lab results were NOT a strong indicator of the likely outcome of scale up at IPM and GPGI (so far, anyway).

I find it interesting that Naxos is using a lab to provide certification of the Johnson Lett process while IPM used engineering firms to provide certification of their process. The engineering firms would not provide certification of recovery (only assay of the head ore) because they determined the recovery process to be non-commercial.

I'm just speculating here, but it seems possible that a lab would have certified IPM's higher recovery numbers where Behre Dolbear/Bateman didn't. The difference being that a lab has no interest in whether the lab recovery process is ultimately scaleable, whereas an engineering firm would be more hestitant to certify a lab process which is not scaleable.

A note of caution seems worthwhile that certification of high recovery results by Ledoux does not necessarily imply that the Johnson-Lett process will result in a commercial process.
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