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

To: mfgrep who wrote (12249)	4/24/1998 10:51:00 AM
From: Tom Frederick	Respond to of 20681

Jason, You are obviously correct that the numbers are not the same as the last release. However, what we need to understand is that we are talking about holes which are almost a mile apart. In vein mining, 100 yards apart might yield zippo. This is starting to prove out to be a VERY large, VERY deep sedimentary deposit. This is a whole new way to look at a PM deposit. I fully expect there to be a variety of grades in this very large area. But look at it this way. If Naxos can prove that each and every ton will yield a variety of PM's, it will be the overall equivalent that will win the day even if in some areas some metals show low levels. When every ton yields 3, 4 or 5 precious metals, the cost for processing each ton stays almost the same while the yield just keeps rising. There is still lots of work to do, but with three holes spread out this far all showing significant PM's, what do you suppose is in BETWEEN these holes? Let's hope the big buyers think the same thing. Keep the testing coming!!! Tom F.