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

To: knight who wrote (7335)	12/15/1997 11:17:00 PM
From: Larry Macklin	Read Replies (1) \| Respond to of 20681

when we were at franklin lake we were told that the plant had already been ordered

To: knight who wrote (7335)	12/16/1997 6:48:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

knight, How's it going. I thought that comment would light up a few people ;) What I was trying to get at was that I believe that I believe the potential for platinum is much better given a lot of the commentary we have seen here about uses in fuel sells etc. If FL proves out and we have the reserves I believe the demand curve will stay stronger for platinum. My long term bearishness on gold is well known to the old timers here. The company ordered the 5tpd plant before they announced the 3.0 opt. Mark Silvers reported from the road show and that was before the announcement. I seem to recall hearing a cost number of $600,000 but will check if no one else confirms. I believe Johnson-Lett would consult on the purchase but they are not in the business of manufacturing the equipment so I doubt they are the vendors. I'll give Russ a call. as always a pleasure Henry