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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: W.F. Schwertley who wrote (9824)	3/12/1998 4:08:00 PM
From: Tom Frederick	Read Replies (2) of 20681

Mr. Schwertley, I think Kim is best prepared to answer your question on profitable recovery, but I will say that any property with a .o7 or better average is considered to be viable. If you add to that, what would currently be considered the worlds largest deposit by far, it is highly likely to get plenty of interest from many serious mining concerns and investors. The current "worlds largest" I believe is estimated to have around 85 million ounces and is considered "collosal". The OPT at this property is at around .08? Please help he out here Kim. Again, if we can show even a .15 or .2 AND have a deposit of 150 to 450 MILLION ounces, it won't take a genius to want to work very hard at making this economic. Besides, like I have already posted, once we get into recovery, the real total potential can be explored and realized. Regards, Tom F.

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