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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Larry Brubaker who wrote (10466)3/18/1998 12:07:00 PM
From: Tom Frederick  Read Replies (1) of 20681
 
Mr Brubaker,

Good questions one and all. As I understand it, they were absolutely COC, and certified. This is all the same material with new splits all from BD and all testing done by the labs identified.

The time lag for release is a question for Naxos management, but it sure would have been great to see these numbers long ago.

As far as the Johnson method, I think a .5 vs. a .2 is about a 2 1/2 times increase which is quite significant, but it is yet not consistent. It still needs work, but it shows clearly that the JL method CAN have a significant impact on results. Remember, you can't assay what isn't there. You CANT have a result of .5 or a 3.0 unless the PM was there. Frustrating and confusing yes, but not misleading.

Regards,

Tom F.

P.S. don't worry , the skeptics will come.
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