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

To: Kim W. Brasington who wrote (9850)	3/12/1998 5:37:00 PM
From: Richard Mazzarella	Respond to of 20681

Kim, I understand that there is 0.02 OPT stuff that is marginally mined. As we know there is also very high OPT stuff that can't be economically mine because of a complex ore. The issue for Naxos IMO is if the current material can be economically mined. 0.12 OPT could be more difficult than what Naxos was promoting at 3.0. Take the standard deviation on the current assay as an exercise. The variability shows inhomogeneity, a problem with the other dirt's. Nature didn't evenly deposit the metals. Resource calculations will require more of a statistical survey than the current values. I could babble on, but nobody wants to hear it. Bottom line, from a market perspective IMO was an expectation of 1+ OPT and Naxos delivers 0.12. Expectation/realization. Sounds like Graystone, doesn't it? <VBG>

To: Kim W. Brasington who wrote (9850)	3/12/1998 6:12:00 PM
From: B.D.Bauden	Read Replies (1) \| Respond to of 20681

Kim, I have yet to see an explanation for the vast difference in the Ledoux results from 1/12 and those from today. Could you tell us why there was such a drop in the OPT? Bruce

To: Kim W. Brasington who wrote (9850)	3/12/1998 10:04:00 PM
From: Max Haber	Respond to of 20681

Kim; PALLADIUM March futures contract rose $5.80 to $261.50 a troy ounce. Futures rose on the New York Mercantile Exchange today due to ongoing concerns about delayed exports from Russia, the worlds largest producer. Not very much supply out there. I noticed in todays report that that trace amounts of platinum and palladium were "indicated". My question is this-- How far along is Dr. Johnson in developing a test that can be used specifically to indicate the presence of platinum and/or palladium? Any chance of seeing numbers on these metals in the near future? Any addition to the fine numbers published today would be a welcomed addition. Looking forward to the next set of numbers. Max Haber