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

To: Henry Volquardsen who wrote (12773)	5/12/1998 9:22:00 AM
From: mark silvers	Read Replies (1) \| Respond to of 20681

Henry, << The reason I believe the market will not put a lot of emphasis on them, despite being COC, is that they come with a question attached. If the company had these numbers why did they pursue other technologies? Why have they waited so long to follow up that path?>> I believe that the reson for that is contained in the report. It clearly says, that in Ledouxs opinion, that methodology would not be commercial. So, while it may render accurate numbers, the technology itself was a dead end. I believe they were hand roasting the ore with hydrogen torches back then. I am hardly an expert, but that would semm to me to be ineficient for commercial application:-) Mark