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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Charles H Donahue who wrote (15327)8/7/1998 3:02:00 PM
From: mark silvers  Read Replies (1) of 20681
 
Charles

You have us doing a deal based on proving up reserves, yet you say that we have done enough assaying and should go directly into limited production. An interesting concept, but very tough to prove reserves without assaying.

Then you have us doing a deal for a process that we have no proof even works.

Then you have the IR guy, Russ Smith, doing testing. News to me.

Is there anything else you would like to add?

Mark
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