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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: jlallen who wrote (10865)	3/24/1998 10:23:00 AM
From: Tommy G.	Read Replies (1) of 20681

Good Morning Jlallen, Regarding a portion of your earlier post,<Does the company still plan to have an active pilot operational by the AGM?>, I am concerned about expectations exceeding probability. Even if installation of the plant goes well, I believe it will still be awhile, maybe two or three additional months, before we get numbers from the pilot plant. The site personnel are going to be fine tuning the process, evaluating results from J/L processed ore versus a more standardized process and if I understand the process correctly, there will be an engineering study very similiar to the COC process. I am only saying this because of the previous levels of disappointment that were expressed just a few weeks ago concerning the lack of assay reports when expectations were mucher higher than the physics of the situation would allow. AS well, I believe it impacted negatively on the value of our stock. JMHO. Tommy G

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