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

To: Kurt R. who wrote (9116)	2/14/1998 11:18:00 AM
From: go4it	Read Replies (1) \| Respond to of 20681

Kurt, I have to run now but will go back and check your calculations and energy costs later. In reference to one of your last sentences though <<We sure could use some good news after what happened to IPM.>> Whether the companies here want to admit it or not, during this phase of operation they are all connected in the minds of the investors and it is important IMHO that they stop acting like mortal enemies and except that. It may not be true in the end but for now it is. I would love to see Naxos or anyone running a profitable 1000 ton per day pilot operation in the near future. For now I am maintaining my money in IPM and Maxam. Maxam has been doing some very good things on trying to get some production going but maintains a much lower profile. Regardless of that, right now the sector needs a hero and perhaps if the rumor of a major moving into the realm is true thn it might just be that we are close. I'm keeping my fingers crossed at this point and trying to discover who the most likely hero will be. Chuck

To: Kurt R. who wrote (9116)	2/14/1998 8:34:00 PM
From: jlallen	Read Replies (1) \| Respond to of 20681

I understand the date, time and place for the AGM have not been set as yet by the Board. Hope someone will post the information as soon as its available. JLA

To: Kurt R. who wrote (9116)	2/15/1998 1:30:00 PM
From: go4it	Read Replies (1) \| Respond to of 20681

Kurt, <<Specific heat of the ore: 1.0 kJ/kg K (assumed to be linear over the entire temp. range) Roasting temperature: 1,064 Centigrades (the melting point of gold) Overall efficiency of the roasting oven: 70% conversions: 1 BTU = 1.055 kJ; 1 US ton = 900 kg.>> Where did you come up with a cost of $.026/kWH for natural gas ? I forgot where power costs were listed. Also, are there PGE's associated with FL? If so then your melting points will have to be increased considerably. I always hated these calculations when I don't understand the process very well but I appreciate the help.