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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Henry Volquardsen who wrote (10732)3/20/1998 4:46:00 PM
From: knight  Read Replies (2) of 20681
 
Henry,

>>>Meanwhile we have good numbers on at least some untreated ore<<<

According to the 02/05/98 release, only hole, #5, assays favourably to the SFA method. This hole contains free gold. There has been no indication that the other holes are in this catagory as yet. So we are left with the J/L process as being iffy and the SFA only producing borderline results on one hole. I think the market may be taking this into consideration. A lot of work is still required. It was always my contention that the J/L deal was much too generous in J-L's favour.

PS: I may be wrong on hole #5 being the only one responding to the SFA. I was just going by the NR's and may have missed something.
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