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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Larry Macklin who wrote (14447)	7/18/1998 9:32:00 PM
From: GlobalMarine	Read Replies (1) of 20681

Larry: Judging by the stock price, it appears conventional technology won't work because the gold grades are too low, so it may be the case that at some people who want current management out only want to explore new technology. But there are others who want current management out so that all technologies, existing and new, can be evaluated. In any case, I find it hard to believe that the pro J/L crowd will want to pay J/L big bucks until and unless their recovery process can be verified as being economic. Do you happen to know if current management is actually evaluating recovery processes at all? I could be wrong, but it seems like all they're doing is drilling and assaying right now. Rand

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