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

To: mark silvers who wrote (10893)	3/24/1998 12:01:00 PM
From: Larry Macklin	Read Replies (3) \| Respond to of 20681

current quote 3.5 x 4.5

To: mark silvers who wrote (10893)	3/24/1998 12:28:00 PM
From: Tom Frederick	Respond to of 20681

Mark, As I currently understand assay vs. recovery, if you can assay, you can recover (and don't anyone try this "but its a complex ore" stuff). The real value of the standard fire assay results is that it draws a rational scientific conclusion that some conventional method of recovery will work on the ore. If Naxos can continue to show good solid numbers using SFA on all the BD holes and all in a range of .1 to .3 consistent with testing so far, that is far better for general market credibility than (to your point Mark) finding some really great numbers and some not so great numbers using J/L. In addition, many properties are valued on drilling alone assuming that standard assay proves reserves, which we are now doing. So therefor, again to your point, (I think this is actually your post Mark) Naxos is not well served to push ahead too quickly on the recovery if the smartest method of recovery is net yet determined. In addition, if the method of J/L recovery is not yet consistent, it may not serve Naxos well at all to release those numbers regardless of how much better the numbers MAY be SOMETIMES. It may indeed end up being what really blows the lid off the real content of the ore, but until it is much more refined, it may not have market value. We are about to expand the potential investing universe of Naxos in a dramatic way with electronic trading. IMO the best way to introduce Naxos to that universe is with information that MOST of that universe understands. Regards, Tom F.