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

To: Kim W. Brasington who wrote (7528)	12/18/1997 8:34:00 PM
From: ShoppinTheNet	Respond to of 20681

Wild hourses won't drive me away from Naxos or Just call me blood and guts. Does any of this make any horse sence? Kim the guy next door tells me you are picking on wild hourses while Mark is picking on wild women. is this all PC?

To: Kim W. Brasington who wrote (7528)	12/18/1997 9:58:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 20681

<<Successful lab results are a strong indicator of what could be the likely outcome of a pilot plant scale-up.>> Kim: My point was that successful lab results were NOT a strong indicator of the likely outcome of scale up at IPM and GPGI (so far, anyway). I find it interesting that Naxos is using a lab to provide certification of the Johnson Lett process while IPM used engineering firms to provide certification of their process. The engineering firms would not provide certification of recovery (only assay of the head ore) because they determined the recovery process to be non-commercial. I'm just speculating here, but it seems possible that a lab would have certified IPM's higher recovery numbers where Behre Dolbear/Bateman didn't. The difference being that a lab has no interest in whether the lab recovery process is ultimately scaleable, whereas an engineering firm would be more hestitant to certify a lab process which is not scaleable. A note of caution seems worthwhile that certification of high recovery results by Ledoux does not necessarily imply that the Johnson-Lett process will result in a commercial process.

To: Kim W. Brasington who wrote (7528)	12/18/1997 10:37:00 PM
From: Brian Hutcheson	Read Replies (1) \| Respond to of 20681

Kim , just another thought on feasability of scale up to commercial scale . I imagine one reason some mines cannot go to commercial size operations is the value per ton vs cost per ton . Since Naxos has such high values of both gold and platinum it seems very unlikely that it could not be done on a commercial scale , just in gold values the value is approaching $1000 per ton even at these low gold prices , Brian

To: Kim W. Brasington who wrote (7528)	12/19/1997 7:46:00 AM
From: Jerry in Omaha	Read Replies (1) \| Respond to of 20681

Mr. Brasington; I am somewhat distressed that this thread appears to have lost the flamboyant contributions of liontamer. We do very well with naysayers and skeptics here does anyone think we couldn't have tamed the tamer himself? We know that the Great White Hunter bagged the Famished Feline, but who is suppressing liontamer? And, why? Some here may remember weekly updates from the Chief Operating Officer. When will we have that kind of information flow again? Judging from the background chatter out there people are increasingly dissatisfied with the quantity and quality of official information from the company. Do you have any idea when we will be leaving what I have termed, "the stealth mode," on our Naxos thread? It should be anytime now, correct? TIA Jerard P

To: Kim W. Brasington who wrote (7528)	12/19/1997 11:07:00 AM
From: Jim	Respond to of 20681

Kim, Thanks for your ongoing responses to our many questions. Your help in resolving some of these concerns is, as always, much appreciated ! Jim

To: Kim W. Brasington who wrote (7528)	12/22/1997 1:14:00 PM
From: Tom Frederick	Respond to of 20681

Kim, this is a little late, but thanks for your input and insight. And may you and your family have a very happy and joyous holiday! Kindest regards, Tom

To: Kim W. Brasington who wrote (7528)	12/23/1997 11:39:00 AM
From: Lawrence Brierley	Read Replies (2) \| Respond to of 20681

Kim, I have just read Ron Struthers' recently posted update on the DDs. In his treatment of Naxos he mentions a number of properties belonging to Johnson/Lett in Nevada, Arizona and Utah which would be folded into Naxos if the proposed agreement goes through. When you next return to this thread I would be pleased if you would comment on the truth of this assertion and the potential of the properties if appropriate. Many thanks for this and for all your very informative posts. I will take this opportunity to wish you, other Naxos staff and my fellow investors peace and serenity in this time of "taking stock", and no small measure of prosperity in '98. The very best to all, Lawrence