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

To: Random Walk who wrote (7572)	12/20/1997 5:02:00 PM
From: knight	Respond to of 20681

R.W., the way I see it. This latest PP was done to cover the pilot plant purchase as per Kim Brasingtons' post #7528. The date you're refering to will see an additional $250k required if Naxos wants to aquire the "permanent rights" to use the J/L assay methodology. There was a PP done on Sept. 15/97 that put $800k in the till. It looks like an option renewal of $20k to buy out the 4% royalty was required about the same time. Then on Oct. 9/97, $250k was required for the "exclusive right" to evaluate the J/L methodology. There should be enough to cover the Jan 6/98 (Jan 9/98?) payment. knight