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

To: mark silvers who wrote (12908)	5/15/1998 11:19:00 PM
From: ShoppinTheNet	Respond to of 20681

Mark you state "I am under the impression that John Norton thinks we will see better numbers via augering. He seems to think RC is a determent to this type of ore" Did you talk to John Norton to get this information? If not how did you come to this conclusion?

To: mark silvers who wrote (12908)	5/16/1998 7:46:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 20681

Mark, while the new numbers are marginal, I must say that I'm impressed that the company reported them. That does a lot for my confidence that shareholders will have the information needed to make informed decisions. Very different from just a few months ago IMO. Kim uses the argument that other companies can profitably mine low grade ore. Is he accepting Naxos dirt of 0.05 as typical? I hope not because if getting metal out of 0.05 is so easy, IPM would already have a mine. The zeolite of the playa may even be more expensive to recover metals from than the desert sands of BRX. Recovery test results of the Naxos dirt will be required, sooner rather than later.