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

To: Gary A. Robben who wrote (13869)	6/25/1998 5:59:00 AM
From: Jerry in Omaha	Read Replies (1) \| Respond to of 20681

Mr. Robben, <<Re: J/L process: You imply that it is over/ended...>> Actually Mr. Volquardsen said, "First off they are still investigating it as an ehancement technique so they don't believe it is a complete write-off." Mr. V essentially is correct. The J/L process still has strong support within the company and is a long way from being over/ended. J/L has inherent problems that have nothing to do with its efficacy as a recovery technology. As a "black box" the J/L process is beyond the pale of consideration for serious investors in this post Bre-X climate. This has been mentioned by others contributing to this thread. As a recovery process it most certainly has passed initial muster but is not ready, as yet, for full commissioning into service. If I had my way we would not hear another word from the company until J/L, or any other recovery process we may investigate, has attained virtual blue chip stature to our in-house mining professionals and works in the lab every time. Notwithstanding my own seemingly optimistic postings of late regarding the asset we may have in the person of Jeremy Ison who brings needed experience to the table, the ore at Franklin Lake is like a combination lock that changes its combination to a new unknown number every time it's opened. This feature is producing inconsistent results. I know of no one outside the company that knows just how inconsistent, however. As we pursue the conventional path leading to wider recognition and greater credibility the recovery issue is off the front burners. For the time being we have other fish to fry as we drill and assay. Jerard P

To: Gary A. Robben who wrote (13869)	6/25/1998 7:13:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

Gary, I posted this last night as a follow up Message 5005376 The company is still investigating J/L as an enhancement techniques so it is not really over. When I referred to it in an earlier post as ancient history I was referring to the fact that it is not a primary focus of the company now as the company is focusing on defining a conventional deposit. And no Naxos never paid the full amount that was originally discussed. I referenced that in the above post. As to where I got my information. A lot of this information was posted on this thread as a result of Neal, Larry and Mark's discussion with Jeffery Christian of CPM. He spoke to them about J/L and the current focus. I also speak regularly to investor relations and a number of other Naxos shareholders. Henry