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

To: Richard Mazzarella who wrote (10520)	3/18/1998 4:19:00 PM
From: Henry Volquardsen	Respond to of 20681

Richard, I don't think we ignored the implications of the higher cost production as it related to last weeks results. There was a lot of discussion about it. It just got drowned out in the war of words over chain of custody. I agree with you that the numbers suggest we may not need the higher cost of production process but a lot of work needs to be done on that. It will be interesting to see how the company follows this line while also pursuing the potential for enhanced yield via J-L. I posted speculation along these lines earlier but you may have been busy with Mark 'third man in' Silvers. <g> Henry