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

To: mark silvers who wrote (8739)	1/30/1998 5:23:00 PM
From: carl	Read Replies (1) \| Respond to of 20681

Mark/Anyone - How long do you think it takes to build a 1 - 2,000 TPD plant and what does it cost, roughly. I was thinking about the Microsoft discussion the thread had a day or two ago re: it takes a long time to do things right so dates are missed. There is another side to that. Microsoft is known for buggy software - I believe it was Windows 95 that was released with 5000 known bugs. If you ever boot up and find a drive is missing, you know some of these bugs aren't minor. But Win95 was a great financial success. It was what one industry pundit, Ed Yourdon, described as "good enough" software. Other software packages have been technically almost perfect, but commercial flops. My point - NAXOS may want to perfect the J/L process, tune all 3 stages, tune the pilot plant, drill a whole lot of holes, etc. But it seems to me that they already have "good enough" stuff to be a commercial success. Assuming they could get financing, why not just build a 1,000 - 2,000 TPD plant that looks like the pilot. Or, if Tom Frederick is right about the shake and bake process, find an old cement plant and refurbish it. I'm sure I'm over simplifying this, but it seems that this would boost the companies fortunes in both the short and long term. They could afford to hire more R & D people if they had a little cash in the bank and/or a higher stock price. Tune it up as they go. Perhaps there intent is simply to sell out and therefore the focus is different. What do you think? Carl