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

To: jlallen who wrote (12900)5/15/1998 6:01:00 PM
From: Henry Volquardsen  Read Replies (1) | Respond to of 20681
 
John,
Previously we discussed the possibility that the playa was not homogenous and there would be zones or layers that would be more appropriate for mining. There was a wide section of .018s that probably would be marginal but that leaves other areas that have higher grades. Also at some stage, after we have addressed the gold reserves we still will need to investigate platinum.

On balance however I believe these numbers are not a big change from the previous hole 1 info. I don't think this will change market perception much one way or another. Just an opinion.

Henry



To: jlallen who wrote (12900)5/15/1998 6:44:00 PM
From: RRG  Respond to of 20681
 
You said:
'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 "

Doesn't the acceptability depend, ultimately, on the cost of recovery?
Also, is it possible that the J/L process can enhance the yields?

Bob

P.S.--This is my last post for a week while I am away from home.


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