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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Henry Volquardsen who wrote (10732)	3/20/1998 4:12:00 PM
From: Johnny Nucleo	Read Replies (2) of 20681

But the most recent report shows interesting results for untreated ore which is an exciting development. It is my belief that all micro-fine ore deposits like Franklin Lakes are unassayable. It is impossible to define a resource on these kind deposits in the traditional manner. I believe all of the Naxos results are unreliable because of Al Johnson's incompetence. The desert dirts must prove themselves through production. This is a chicken and egg situation because without resource definition it is impossible to obtain the necessary financing to achieve economic production of precious metals. J. Nucleo

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