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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: ShoppinTheNet who wrote (14048)	7/7/1998 12:13:00 PM
From: Larry Macklin	Read Replies (1) of 20681

TO ALL One more thing about carl campbell's letter to naxos shareholders: As i read the letter i think it gives that impression that sid kemp wants to abandon johnson-lett completely. I do not believe that is the case. Sid feels that naxos must do all it can do prove a conventional ore body. I am sure that once time comes for recovery, any process that can improve recovery will be used. Nobody wants to abandon Dr Johnson. I believe that naxos management feels that given the current sentiment in the mining industry conventional methods must take priority and if johnson can PROVE a recovery process that is repeatible naxos would be more than willing to come to terms with johnson-lett. The process must be proven to be repeatible and it must be verified by third party engineering firms or it doesn't do any of us any good. Larry Macklin PS if you wish to assign your proxy votes to someone else, sign your proxy form and write the name of the person you wish to assign your votes to. Then return it to your broker so they can guarentee the signiture and return it to montreal trust

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