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

To: Henry Volquardsen who wrote (12829)	5/15/1998 1:44:00 AM
From: sh	Read Replies (1) \| Respond to of 20681

Henry, Thanks for the elaboration. I really don't have any interest in the Hunter-Dickinson group. I just suspected comparing their multiple mining projects with Naxos' single (and, I might add, rather unique) mining operation would be comparing apples with an orange, and your summary pretty much confirms that. I certainly agree that Naxos should not be putting its primary resources into the J/L process. However, I also do not believe the J/L process should be disregarded. I find it hard to believe its enhancement of recovery is a fluke. I believe it is important for the company to continue doing tests now (not holding off until the feasibility stage) using the J/L process to see if it continues to enhance recovery. That should not materially affect its standard testing. If the J/L process proves successful, we'll all be grateful. If not, then we still have the standard testing, which is showing reasonable results. sh