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


To: Gregory D. John who wrote (8090)1/14/1998 12:34:00 AM
From: Doug Meetmer  Respond to of 20681
 
Greg,

Well, seeing your reply certainly raised one of my eyebrows. I am assuming that this is the same Greg John who works at the Playa, and
who is J.J.'s son.

I did not mean to imply that your reporting an assay value to three
decimal places was a deceitful attempt at seeming accurate. Actually,
I personally have no way of assessing the accuracy of that value.

What I did find rather humerous was that the other two assays were
reported to only two decimal places and the third was reported to
three places. I am not sure why you wouldn't just
report all assays to two decimal places. After all, you can always take a number with three significant digits and report it to
two significant digits (but obviously the reverse is not true).
The fact that there was an asterisk next to the third assay and a note
stating that it would be repeated implied that there may have been
a problem with that assay. In that situation, it certainly seems
a bit much to report it to three decimal places, doesn't it? It is
sort of like missing the forest for the trees.

In any event, there is absolutely no excuse why the date should have been wrong. That is just shabby quality control, and Greg if anyone
has the power to get the message to the right people, you do. Really,
these press releases should be written with less ambiguity and more
attention to detail. I think that will help inspire investor
confidence.

By the way, the reason that I don't have my E-mail address on SI
is because I don't want it getting onto some generic mailing list
where I will be eternally damned to receiving electronic junk mail.
I will likely send you an email and then you will have my address.
Other people on this thread have it and contact me from time to time.

Take care,

Doug



To: Gregory D. John who wrote (8090)1/14/1998 1:10:00 AM
From: GlobalMarine  Respond to of 20681
 
Good point, Greg. If I recall correctly my college math courses, if PPM numbers have three sigfigs, then the conversion to oz/ton can have three sigfigs provided the conversion factor has three or more sigfigs.