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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: jlallen who wrote (10193)	3/15/1998 7:59:00 PM
From: Timmy O'Toole	Read Replies (3) of 20681

>> Kurt: Following Kim's post, I don't see COC as an issue anymore. I do because the samples required processing by the Johnson method at a third party location (CMRI). Sure CMRI MIGHT have maintained security over the unprocessed samples but CMRI isn't going to be held accountable for the validity of Al Johnson's processing methodology. Johnson could have salted the material during "processing" and no one at CMRI could be held accountable because chain of custody does not include verifiying the legitimacy of a procedure that is not currently approved in the mining industry and that is apparently required before the samples can be standard fire assayed. Note that Behre Dolbear stated that they had no comment on the methodology used by Naxos (meaning the methodology could be completely bogus)

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