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

To: mark silvers who wrote (12412)	4/29/1998 11:51:00 AM
From: Tom Frederick	Read Replies (2) \| Respond to of 20681

Mark, If I may add to your response to Scott, It is highly unusual, from what I have learned anyway, to build a production plant when you don't know what you are producing. Hence the drill program. The many holes you refer to are NON COC holes and as a result of no value to the market. Naxos needs credibility with any results and fresh COC drilling and certified results are a must. Has Naxos wandered through the desert without the benefit of a Moses? Yes they have. But as Mark points out, they now seem to have a very clear plan that is sensible, industry acceptable and on time. Let's keep to this path and see what it produces. Once they see what the playa reveals, a production plant can be designed appropriate for the PM's found and a recovery format most effective for this ore body. If you are hot on GPGI, Maxam, Chip, IPM, CBS, or even PMS, good luck. I truely wish you well. But let's not get back into this pit of nonsense where if one property makes it another must fail. Regards, Tom F.