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

To: Johnny Nucleo who wrote (10737)	3/20/1998 4:22:00 PM
From: mark silvers	Read Replies (1) \| Respond to of 20681

Johnny <<t is my belief that all micro-fine ore deposits like Franklin Lakes are unassayable. It is impossible to define a resource on these kind deposits in the traditional manner. I believe all of the Naxos results are unreliable because of Al Johnson's incompetence.>> With all due respect, you are entitled to believe that, but your belief is meaningless to most everyone. I say that becasue, if Naxos does SFA through a world renowned referee lab, and another lab, using COC ore, Most will believe. If LeDoux certifies results using SFA, and does enough of them, eventually you get a defined resource. Your belief system notwithstanding. Mark

To: Johnny Nucleo who wrote (10737)	3/20/1998 4:42:00 PM
From: Henry Volquardsen	Respond to of 20681

It is my belief that all micro-fine ore deposits like Franklin Lakes are unassayable(sic). The labs who approved the most recent press releases appear to believe otherwise. The desert dirts must prove themselves through production. This is a chicken and egg situation because without resource definition it is impossible to obtain the necessary financing to achieve economic production of precious metals. valid comment. It is a difficult catch 22. However if the company proves out reserves and then shows efficacy through a pilot plant this will give them sufficient credibility for financing. Henry