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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Graystone who wrote (11119)3/27/1998 2:21:00 PM
From: Tom Frederick  Read Replies (1) of 20681
 
Mr. Graystone, you lost me on that one. What is the point of getting BD to do the drilling providing absolute COC material, properly drilled for the first time, and then get Ledoux and CMRI to produce absolute undeniable certified results using well established industry standard procedures? Gee, I don't know. Let me think. No wait, it'll come to me....uhhhhhhhhh. Oh yeah, ABSOLUTELY CLEAR INDUSTRY STANDARD TESTING TO PROVE GOLD AT FRANKLIN LAKE!

Yes, they need to show how much ore there is and the extended drilling program will do that. Yes they need to establish WHICH recovery method will produce maximum results. But not having that done yet is hardly a reason to be so down on Naxos. We have seen certified numbers as high as 2.5 on COC. Why wouldn't you wait to test a variety of methods that will get as close to the real total ore content before "announcing" any method?

As I have already said, many properties make their runs on stock price in the drilling stage IF they can show INDUSTRY STANDARD TESTING OF MATERIAL.

So help he out here.

You said "I don't think they should be drilling anything, what is the point, a whole lot of numbers that mean nothing to go with all the claims that have meant nothing."

You might as well tell that to Barrick, Anglogold, Newmont, IPM, and on and on. This is how they have been doing it for decades.

Tom F.
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