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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Larry Macklin who wrote (12942)	5/17/1998 1:55:00 PM
From: knight	Read Replies (2) of 20681

Larry, good question. Seems to be six of one or 1/2 dozen of the other ;-). This new tack that the company has set is the right one if the assay method is equatable to an extraction method. Proving up reserves will give Naxos more credibility in the mainstream mining community and that's what the company needs if it is going to persue this project through to completion. Major funding will be required and possibly a J/V to meet that objective. This will only be attained through being taken seriously by the mining and financial communities. So, I guess if I were the Prez of Naxos, I'd press on with the drilling and confirmation of the reserves using the standard fire assay method.

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