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

To: Tom Frederick who wrote (9827)	3/12/1998 4:14:00 PM
From: Richard Mazzarella	Read Replies (3) \| Respond to of 20681

Tom, <<I will say that any property with a .o7 or better average is considered to be viable.>> I disagree, it may be marginal, it all depends on the cost of extraction. What was the cost of JL/ton of ore processed? Look at the problems at GPGI with 3-8 OPT ore. There's a very good reason to look at the glass half full. More analysis is required, but I think that the stock will suffer until economic extraction is proved.

To: Tom Frederick who wrote (9827)	3/12/1998 4:22:00 PM
From: W.F. Schwertley	Read Replies (3) \| Respond to of 20681

Mr. Frederick & Carl, .07 may be considered viable for some mines. But don't forget, our dirt needs special processing. Grinding to 1000 mesh can't be cheap. Remember those mysterious arbatrator grinding machines. I still haven't figured out how to spell the name of the damn thing. And Carl, I believe the samples sent to the companies in today's PR were pre-processed by the Johnson/Lett method. That is why the PR companies used the standard fire lead assay. This does not bode well IMO. WFS