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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Kurt R. who wrote (7801)	1/6/1998 10:50:00 AM
From: Kurt R.	Read Replies (3) of 20681

Hello Folks, today is an important day for Naxos. As per the 10-9-97 news release, today is the day Naxos will "pay another US$250,000 plus 2 million restricted shares to earn permanent rights to use the Johnson-Lett assaying methodology." I will take this landmark day as an opportunity to ask Naxos representatives a number of questions. Your prompt reply will be greatly appreciated. 1. Why would it take Ledoux so long to retest to certify? What are they holding back? Surely Ledoux must be familiar with the process as they already successfully applied the J/L ore preparation method and released some numbers. 2. (I asked this one before) What is the scope of the "analyzing and assessing" currently underway at Ledoux? To be more specific, I understand that Ledoux was provided the necessary equipment and detailed instructions as to how this method works. If this is the case, could someone from Naxos (or Ledoux) please clarify how it can possibly take a reputable assaying lab so long to reproduce a "cookbook approach." Dr. Johnson will be paid a fortune for this assaying/recovery method. If this process is sooo difficult to reproduce and such a huge challenge for a world renown lab, maybe it isn't worth that much? 3. In a previous post, Mr. Brasington stated that Naxos requested that Ledoux certify the numbers by today. When has Ledoux promised delivery of the results? Has Ledoux committed to anything other than accepting payments from Naxos? Did Naxos set a deadline? 4. When can we expect data from the other two labs? Has management negotiated suitable contracts with the additional labs so that Naxos, and not the lab controls the information flow? I am asking the latter question because it has been said that Naxos has actually obtained two reports form Ledoux, but is not allowed to release the numbers. Any truth to that? These are just a few questions that come to mind. Again, a prompt reply by Naxos would be highly appreciated. Kurt

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