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

To: Tom Frederick who wrote (11011)	3/26/1998 10:14:00 AM
From: KRosenfeld	Read Replies (2) \| Respond to of 20681

Tom, How do you do on True/False exams? :-) We know you excel at essay exams!!! Ken Rosenfeld

To: Tom Frederick who wrote (11011)	3/26/1998 10:19:00 AM
From: Lawrence Brierley	Read Replies (2) \| Respond to of 20681

Tom, "... it is highly probable that some layers, which means some years, there was a higher concentration of metal in the runoff and sediment deposit than others." I agree completely with this, but perhaps consistency of deposition is only half of the issue. It may be that because of the the nature of the ore and the complexity of processes required to liberate PMs from it, repeated testing of the same samples is destined to always show variability. Chasing the chimera of consistent results may only be a costly distraction for the company. To paraphrase Henry, "consistency is the hobgoblin of small mines! The best, Lawrence