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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Jim who wrote (8349)1/21/1998 8:42:00 AM
From: Jerry in Omaha  Read Replies (1) of 20681
 
Mr. Jim,

From my experiences with people in pain I have learned that it has a way
of focusing attention on a single feature; often it is the pain itself or
what ever is causing the pain in the first place. Thank you for your attempt
at relieving the pain of others with accurate information; as in your posting
where you say, "there are roughly 16 different "standard" lead fire assays."

The hubbub about "standard" vs. "modified" fire assays is the biggest
red herring of them all. Talking about the chemistry involved in assaying to
an average investor is like trying to discuss polynomials with innumerates!
The "Duh" factor is just ginormous.

You can futz and fiddle till the cows come home to get ever more pure reagents
and chemicals, ppt instrumentation and the like; but it really, in the long run,
will not make anything happen for Naxos that will satisfy the hyper-inflated
expectations of its shareholders.

We will see a parade of certified numbers confirming the belief most of us
have invested in. These numbers will be standard fire assay results. Let's
see if the market buys into our convictions to the degree we think they
should. Let's see what the market says after witnessing daily production
from a pilot plant. Perhaps then our lofty expectations about this
company's stock will begin to be realized.

All fire assays that are not done on pure quartz with gold inclusions
have some modification which has become accepted as "standard." Usually
the modification has to do with sample preparation. In fact I have been
told that the technicians at Ledoux believe that preparation is the key
to a successful assay.

From my understanding the Johnson modified standard lead fire assay is
a method that, from all accounts, should gain as ready acceptance as
other modifications have in the past.

It's the Johnson Recovery Process that should hold our attention. Provable
economic recovery transcends Franklin Lake itself and opens up the world.

Jerard P

P.S. I will be happy to email any spooked investor a press release about an
article that appeared in the December 11, 1997, Nature, titled;
"Scientists Show How We Learn to be Scared of Harmless Things."
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