Hi Kim,
As a relative newcomer who is learning about Naxos, I would like to play a little devil's advocate if I may as well as ask some other questions regarding the current status of development. In your response regarding SFA you wrote,
<<The Johnson/Lett process does not involve "wet chemistry." It is chiefly a mechanical process that involves no leaches, soaks, etc.>>
Please correct me if I am wrong which I probably will be but isn't the JL process the process that Naxos has chosen as an extraction method. If it is, then I am not sure how that applies to a fire assay. Is the JL process going to be used for assaying the property and if so then won't Naxos have to state in any news releases what the method of assay is ? If the method of assay is anything other than SFA, would you anticipate that creating any additional problems for Naxos with the exchanges?
You state that the JL process is "chiefly" a mechanical process which implies that it is not "totally" a mechanical process that uses no leaches, soaks, etc.... what else is left that the process could possibly utilize other than electricity and heat? If the process uses electricity or heat then is it permissable to state what the power consumption is in BTU/ton processed?
The last time I spoke to a refiner, we discussed FA. I hung up the phone with the impression that even SFA tests involve some type of pre-treatment of fluxes, chemicals and experimentation to find the most appropriate FA for the type of mineralization that they were dealing with.
Lastly, does Naxos management feel that they have enough process data available on hand where they can now drill the property, assay the property, bring it to resource status and perform a feasibility study? If so then is there a projected target date that Naxos will have a pilot facility running?
Any help you can offer on this would be greatly appreciated.
Chuck |
