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

To: Rick Nazaruk who wrote (15955)	9/1/1998 4:55:00 PM
From: Tom Frederick	Respond to of 20681

Rick, the feasibility of economic extraction will be a function of what method they finally arrive at for assay. That will dictate to some degree the method of recovery that will be effective. So we'll have to wait and see on that one. But for me, if there is any reasonable expectation that J/L or any other non standard method of assay will finally prove out the worth of FL, then bring it on and let's get testing. On the other hand, if Naxos also has a sound business plan to pursue other properties that will show positive cash flow and take advantage of the down market, let's hear about that too. Use all assets to their fullest and John Norton has quite a bit of experience in running mines. Let Naxos give him something concrete and proven to work on while the assay testing goes on. That way we take advantage of both assets (talent and the FL property) while providing real, reliable, predictable cash flow. Tom F.