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

To: W.F. Schwertley who wrote (12509)	5/1/1998 3:01:00 AM
From: Donald E. Aken	Respond to of 20681

Mr. Schwertly the answer to your last question can be found here: sec.yahoo.com that is Stillwaters latest SEC filing. One interesting note in that filing is a dramatic loss of potential revenue due to the rapid rise of palladium price and their forward selling or hedging strategy. That same type of strategy has insulated many gold producers from the sharp decline in gold prices.

To: W.F. Schwertley who wrote (12509)	5/1/1998 7:34:00 AM
From: jbIII	Respond to of 20681

Mr. Schwertley, You seem to be reading too much between the lines in the last press release. I don't see where its says CMRI is no longer employed. It said that due to equipment failure( define that however you want to) CMRI couldn't handle the volume of material needing to be processed, so the remaining Behr DolBear material was shipped to RMG for processing. The processed samples are then distributed to other Assaying labs to maintain COC protocol. Imagine the hell that would be raised if RMG did both the processing and the assaying. I agree it is possible the CMRI may not be able to handle future volume either , it just doesn't say that in the release. Go Naxos, JohnB3