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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Rick Nazaruk who wrote (15684)8/17/1998 10:45:00 AM
From: Tom Frederick  Read Replies (4) of 20681
 
Rick, the simple truth is that IF Franklin Lake did contain ore with the results from the last round of tests from Ledoux using the J/L protocol which yielded from .9 to 2.5 opt, AND there were 2 or 3 billion tons of ore at FL, then the numbers do actually add up very high on a per share basis.

This is the reason I want to know if Ledoux is now standing behind ALL previous testing. Also, which direction does Naxos intend to go now? Are they going to go all out and pursue the J/L method? This would make sense if Brian Russel is able to come back with a positive recommendation regarding the J/L testing being done right now.

It may be the SFA is useless on FL ore. And therefor, alternative methods for testing and recovery with verification of efficacy need to be supported immediately.

I also believe that there would be great value in Naxos experimenting, even on a small scale with some methods of recovery. If successful, this would prove the existance of PM's. Which is what this is all about anyway.

What method would be used and how much they would get per ton I don't know. But after having one of the top labs in the world make this kind of a careless testing error, most people I know would feel more secure actually SEEING a gold, platinum or silver bar out of FL.

Tom F.
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