To: Graystone who wrote (6964 ) 12/12/1997 3:18:00 AM From: Graystone Respond to of 20681
The Methodology of a SCAM or Cannon Shot, what it is, what it looks like. All material enclosed like so ...is from NAXOF news releases.... All material is chronologically correct. ...The Naxos methodology changes continuously which suggests that there is no such thing as a proprietary process as has been claimed by Naxos. None of the procedures reviewed by AMCL show any acceptable scientific replication or results... ...using the Merwin White assay methodology and achieved a 0.40 Au oz per ton on sample no. one and a 0.49 Au oz per ton on sample no. two and non commercial values on the other four(4) samples... ...Ledoux & Co. certified to average assays of 0.076 Au oz per ton using the Merwin White assay methodology ... ...six (6) gram samples from the same Kleinfelder material using the Merwin White assay methodology and achieved non commercial values on all six samples... ...This Circular requires approval from the ASE for any assay methodology used if other than a fire assay methodology. In addition, this regulation requires the issuing company to process all samples using both the non-standard assay methodology as well as the conventional fire assay methodology... ...Subsequent to the halt, AMCL attempted to duplicate Naxos' assay methodology * without success... ...Naxos' assay methodology * ... ...Despite this statement and the positive results achieved at Ledoux and Company not only in the month of October 1996, but throughout 1997, the ASE never acknowledged nor approved Naxos' methodology * ...I must interject an observation here. A statement is made here three times, it is NAXOF's methodology ...The first set of results are based on the completion of the first stage of a three stage, patent pending, metallurgical methodology developed by Johnson, Lett and Company... ...Upon the signing of the agreement, Naxos will pay Johnson-Lett US$250,000 for the exclusive right to evaluate the new technology over a period of 210 days... ...During the 210-day period Naxos may elect within 90 days to pay another US$250,000 plus 2 million restricted shares to earn permanent rights to use the Johnson-Lett assaying methodology ... ...Through these processes Naxos will begin creating inferred reserves... ...After three months of evaluation by Ledoux & Company, the Company has determined that the "Johnson Methodology" greatly enhances the recovery of precious metals from the Franklin Lake property... ...Due to the fact that these values were inconsistent and varied widely... ...This pilot plant has been designed by Dr. Johnson for the purpose of demonstrating to independent engineering firms the economic feasibility of the Johnson Recovery Methodology ...Now just maybe a few of you will understand why I think this company is unsound. If you think all is well with the methodology then ask yourself another simple question, which consultant said that.