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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Hall who wrote (19617)	7/30/1999 12:19:00 PM
From: mark silvers	Read Replies (2) \| Respond to of 20681

Tim, Perhaps if it can be proven that the lithium even exists in commercial quantities in FL(not a done deal yet) a JV could be possible? Mark

To: Tim Hall who wrote (19617)	7/30/1999 12:45:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 20681

Tim, thanks for the information. <<Naxos can build a plant, which should be fairly simple>> Is it that simple? Doesn't it take the same permits and environmental impact statements that would be required for mining PMs? Could Naxos just ship ore, or do they need to concentrate it? I don't think anyone would put up with Death Valley becoming lower compared to sea level. Plants don't come cheap, there is lots of infrastructure required, electricity, water, etc. However, I think(?) I saw a comment on this thread from someone that a partner was interested in the lithium. If true, that could be the path to plant funding. A lot of BIG IFs, but if Naxos could pull this off with minimal stock dilution, it could fund its other interests. There would also already be the precedent for mining the playa, a lot of work to mine metals would be minimized IMO. BTW, I like the volume of NAXOF today.

To: Tim Hall who wrote (19617)	7/30/1999 2:06:00 PM
From: Dave Wahl	Read Replies (1) \| Respond to of 20681

Tim Doesn't the Naxos lithium analytical data only address clay or salt samples? Are there actual brines at or near the surface on Naxos claims? Any analyses of brines at the property? Wouldn't there be a big difference between significance of clay samples vs. actual brine samples? I note that Levinson's Intro. to Exploration Geochemistry (1974) lists average Li concentration in shale at 60 ppm, and 5-200 ppm for soil. Dave