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

To: Millracer who wrote (9907)	3/13/1998 10:02:00 AM
From: mark silvers	Respond to of 20681

Mill Yes I am sure as I was at the roadshow where Dr. Johnson threw those figures out. However, remember this. Those numbers were, by his own admisssion, a guesstimate. He went to say that with refinements, he fully expected that cost to come down, which is a reasonable assumption. WE also need to know how large of a component is the free gold, which may or may not be able to be mined conventionally. there are many factors involved and things are going to change and evolve. We need to continue to prove up the property and get started on the pilot plant to gain a fuller understanding. Mark