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

To: W.F. Schwertley who wrote (12897)	5/15/1998 5:53:00 PM
From: jlallen	Read Replies (2) \| Respond to of 20681

I thought .04 was an acceptable grade for a producing mine? If you average out the grades from all the holes we now have, I think the grade is better than "marginal". JLA

To: W.F. Schwertley who wrote (12897)	5/15/1998 6:58:00 PM
From: jbIII	Respond to of 20681

WFS, "Marginal at best comes to mind. " Yes, but didn't you read Kim's earlier post stating that the North American avg. was .04 opt? With your calculation at .05 that puts us above the avg. and that's got to account for something<G> jb3

To: W.F. Schwertley who wrote (12897)	5/16/1998 2:40:00 PM
From: Howard	Read Replies (2) \| Respond to of 20681

To ALL: I have been a shareholder for many years, and I too have been frustrated by the last few months. This latest release does have some good news however. If you look at this hole from 110' to 260',the average OPT equals .075. 150' of viable dirt is something to be excited about. This appears to be respectable to me and believe that with future improvements in drilling and refinement, Naxos may prove to be quite real after all. Hope you all have a good weekend. Howard Dananberg