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

To: Random Walk who wrote (12122)	4/22/1998 9:14:00 AM
From: mark silvers	Read Replies (2) \| Respond to of 20681

Don <<I am concerned that we no longer have a proprietary process to recover PMs.>> We never had one to begin with. The chances of J/L being patentable are extremely small IMO. The reality is, again IMO, that the J/L technology will fufor all practical purposes be free for anyone to use. It's similarities to to well known methodologies such as micromilling will make it too hard to get a patent, and WAY too hard to enforce any patent. I am not a lawyer, so if there is a patent lawyer out there, feel free to speak up! Mark

To: Random Walk who wrote (12122)	4/22/1998 9:17:00 AM
From: Henry Volquardsen	Read Replies (2) \| Respond to of 20681

Don, If you can recover PMs from desert dirt with standard methods why has this not been done in 150 years? The methodologies that are now 'standard' have not been around for 150 years but a few decades at most. Up until the last few decades no one would have considered looking for gold that was not visible to the naked eye. Today even most hard rock deposits would not have been viable in the not too distant past. What is standard is constantly evolving. So I don't have a question about whether it is feasible that Franklin Lake can be economically mined with standard processes. This is not to say that I believe it has been proven yet either. A lot more drilling and results need to be shown. I am also concerned that is taking time to get the results but I am willing to be patient. I am concerned that we no longer have a proprietary process to recover PMs. I don't believe we ever had a proprietary process or a reasonably liklihood that we would have one. That doesn't mean that the Johnson/Lett process won't be successful in enhancing yields. But I strongly believe, and have stated in the past, that I do not believe the process could be patented. There are other similar processes such as micro milling. I doubt we would ever get an enforceable patent. I believe that all the old talk about a proprietary process that was coming from certain company sources were either hopelessly over enthusiastic dreaming or out right hype. I am very happy that talk has stopped. Henry

To: Random Walk who wrote (12122)	4/22/1998 9:21:00 AM
From: Kim W. Brasington	Respond to of 20681

Don: Naxos will not be shipping any of the material since it is Chain of Custody. Shipping will be handled by the engineering firm. You may be unaware of the fact that there have been assays done on Franklin Lake in the past, but they lacked in consistency by and large with one exception. There can be many variations of flux, preparation, reducers, and collectors in a fire assay, which can consequently bring the possible number of variable combinations into the thousands, thus it was a matter of hitting on the right combination that would lead fire assay consistently. Ledoux will be assaying along with several other labs, that John Norton has lined up. All of the chemicals will be coming from one lab and all labs will be using one protocol. Insofar as a proprietary technology - as of several days ago, when I talked with Dr. Johnson, they were still working on Naxos material. While a proprietary technology may take more time for the marketplace to accept, a lead fire assay with chain of custody drilling and processing is understood by the marketplace. In reference to bringing the metals to market - Naxos believes that the Franklin Lake material can be processed using traditional methodology. There are many mines that do not use cyanide heap leaching that are very economical with grades less than what Naxos has shown to date. The economic recovery of Franklin Lake material could be materially enhanced by recovering other metals that could pay for the cost of the extraction of the precious metals. Regards, Kim W.