Naxos Resources (NAXOF) Message Board

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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: mark silvers who wrote (12908)	5/16/1998 7:46:00 AM
From: Richard Mazzarella	Read Replies (1) of 20681

Mark, while the new numbers are marginal, I must say that I'm impressed that the company reported them. That does a lot for my confidence that shareholders will have the information needed to make informed decisions. Very different from just a few months ago IMO. Kim uses the argument that other companies can profitably mine low grade ore. Is he accepting Naxos dirt of 0.05 as typical? I hope not because if getting metal out of 0.05 is so easy, IPM would already have a mine. The zeolite of the playa may even be more expensive to recover metals from than the desert sands of BRX. Recovery test results of the Naxos dirt will be required, sooner rather than later.

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