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

To: carl who wrote (10450)	3/18/1998 10:25:00 AM
From: Tom Frederick	Respond to of 20681

Carl, Sounds like a question for Kim. Are you out there? Tom

To: carl who wrote (10450)	3/18/1998 10:47:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

Carl, I was actually speaking to Kim this morning (we were analyzing potential y2k apocalyptic scenarios). We briefly discussed the report <g> and he mentioned in passing <g> that the grinding process indicated is fairly common and industry standard. It is tough to put a precise cost per ton since other factors are included. But based on what I know from other mines, I would guesstiamte that a simple grinding process such as this on a property such as ours would generate a cost per ton in the very low double digits. It would be economical. As a caveat I will point out we need to do a lot more testing <g> FBDR!!! TSGD