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

To: Jim who wrote (11277)	3/30/1998 11:36:00 AM
From: mfgrep	Read Replies (2) \| Respond to of 20681

Jim--- I think just the opposite. on THIS THREAD perhaps the J/L process has become the most important issue of the past...oh...hundred or so posts. The fact is, however, that Naxos seems to be showing significant assay results without the use of J/L. They also seem to show even better numbers (on some holes) with the use of the J/L. I believe that Naxos is now determining whether the J/L is a proven/economical method. The pilot plant should resolve the question as to whether Franklin Lakes ore can be recovered. We know it is there....the question is....can we extact the gold in an economical fashion with or without J/L? I do not believe (and I certainly hope not) that Naxos is putting the pilot plant on hold due to J/L or any other reason. Nothing has been published to date that raises any doubt that we are not continuing on with the pilot plant. Go Naxos. Jason

To: Jim who wrote (11277)	3/30/1998 11:49:00 AM
From: Tom Frederick	Respond to of 20681

Jim, as you have already pointed out, since Ledoux has been able to get some great numbers with untreated ore and standard testing, the question becomes, how far should Naxos go on developing J/L for recovery? It would not make much sense doing a complete set up on a plant that might or might not be the final preferred method of recovery. For now, as several other posts have outlined, Naxos may be best served focusing all attention on drilling and SFA testing. The main reason for pushing ahead with the J/L test plant was to prove that the J/L process had a viable recovery format. With standard testing implying standard recovery options, the focus can be on drilling and still impact the future of the company quite well. For myself, I would be very happy with 28 holes averaging out at .2 or so down to 250 or 300 feet all using SFA. That would speak volumes to all the traditional mining people as well as all the institutions who invest is traditional mines. Once the property is up and moving on market interest, then they will have much more time and opportunity as well as resources to get back to trying out methods for maximizing recovery. But in the meantime Naxos will have made tremendous progress in drawing a very clear baseline value. 2 more days!!!!!!!!!!! Hey does, that mean Mr. SK has to change his name? S.Y. Aderom 2? Regards, Tom F.