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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Richard Mazzarella who wrote (9912)	3/13/1998 10:34:00 AM
From: mark silvers	Read Replies (1) of 20681

Richard, There are reasons for everything. It has been my understanding(please correct me if I am wrong) that the problem with GPGI has been that there"disturbed" pile of ore can not have COC certification, and that no one knows what is truly in there on a non-concentrated basis. It is also my understanding that their recovery process may be less than optimal and has never been proven to be able to produce more than small sporadic amounts. I dodisagree with your Chip comments. Any difficulties are probably NOT related. We are talking about different methodologies on different ores. They both have taken different approaches, and probably rightly so. I think your assumption of learning from all the dirts is right on in a general sense, but I don't agree when it comes down to narrow specific issues. Does that sound rational? Mark

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