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

To: Bob Jagow who wrote (13838)	6/24/1998 11:44:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

Bob, I can say Johnson-Lett. Can you say ancient history? Naxos is not pursuing the Johnson-Lett. They are trying to prove up reserves using conventional techniques so that they can position Franklin Lake as a conventional deposit. If you would care to read the last 4 or 5 months of press releases from the company you might notice this change in focus. A process is a series of actions designed to generate a result. Since a standard fire assay requires several steps, yes it is a process. And yes I know you used the word process, in fact you said magic process. The numbers we have received have only been utilizing standard fire assay, there is no mention of results from Johnson-Lett. So I repeat what magic process were you referring to? Since Ledoux has certified that the results were obtained with standard fire assay, on what basis do you imply that it might 'entail a dash of secret sauce'? Are you suggesting that Ledoux would risk it's reputation by lying about the tests being standard fire assay? As far as wether there is any reason to think that cyanide extraction would work at FL, I have no idea one way or the other. I wasn't commenting on that. I was questioning you about your erroneous assertion that Naxos was using a magic process. You made the charge, now back it up.