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

To: Richard Mazzarella who wrote (11341)	3/31/1998 12:09:00 PM
From: Henry Volquardsen	Respond to of 20681

Richard, I am not sure GPGI's news was entirely bad. It appears those numbers were obtained using unprocessed ore. So no special processes. There is still a big question in my mind regarding how you do reserve calculations on disturbed ore. FWIW I am not an investor in GPGI and do not monitor that thread but find this release interesting. Henry

To: Richard Mazzarella who wrote (11341)	3/31/1998 12:14:00 PM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Richard, Your credibility stock just went up about 50%. Thank you for bringing that to our attention. The good news is that if GPGI shows similar numbers and can get confirmation of economic recovery we all benefit. Remember, all the properties with the goods can make it. But the small ones will not survive if properties like GPGI AND Naxos AND IPM all prove up large reserves. By the way, was that assay for gold equivalent, gold only, and if it was gold equivalent, which other metals are in the .38 number? Did they also get Pt or Pl or Silver? Also, as the testing with Naxos has shown, there may indeed be very high PM's in the ore, it is still a matter of perfection of the science to be able to assay and recover it consistently. As with Naxos, you can't prove what isn't there, but the "proof" must be COC and Certified by recognizable and respectable names. Good luck on all your ventures. Tom F.