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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Larry Brubaker who wrote (8092)1/13/1998 10:44:00 PM
From: Henry Volquardsen  Read Replies (1) of 20681
 
Larry,

There were 5' missing not 10'. From what I understand it was because that section of this particular smaple was used previously for some other analysis. The why only 25' at this point is because that is what Ledoux was prepared to release. If they were released by Ledoux Naxos would have released them. As far as the platinum, they didn't perform a platinum specific test. As I understand it they did a lead fire assay. This tests for gold but Ledoux also mentioned that it showed no platinum. This is normal because lead would collect only trace platinum. To test for platinum you need to use copper sulfide which wasn't done on this particular batch. Kim or Greg please correct me if I am wrong here.

The Naxos insider trading balckout was only inteneded to prevent any appearance of manipulative action from the period in which they released uncertified numbers from Ledoux until certified numbers were released. Since the certified numbers are now out there is no longer a need for the blackout.

I can't speak about GPGI since I only go on that thread to argue central bank asset preferences and the role of gold in a modern monetary system with Indonesians ;)

Henry
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