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

To: Larry Brubaker who wrote (8850)	2/6/1998 6:19:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

Larry, There are two pilot plants. This is not news. They have planned for awhile now to have a 5 ton per day plant in Nevada and a 1000 pound per day plant in California. There is nothing unexpected about this just the on going permitting process. The additional labs are also expected as we have long known there would be three additional check labs to help speed up the testing program. As far as more consultants, the only addition that can be considered a surprise is MDM. I will do some more checking on them when I am in the office but what I have heard preliminarily is good and opens some interesting possibilities. Henry

To: Larry Brubaker who wrote (8850)	2/6/1998 8:15:00 AM
From: mark silvers	Read Replies (2) \| Respond to of 20681

Larry, Correct me if I'm wrong, but if you assume 250 working days a year, 10,000tons equals 40 tons per day. A nice INCREASE from 5tpd. Mark