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

To: Scott Corey who wrote (17310)	12/18/1998 8:36:00 AM
From: Jerry in Omaha	Respond to of 20681

Mr. Corey, <<To Tom F. and the gang: Why weren't you supporting pilot plant production efforts last year?>> Scott, I don't know if I'm a member of the "gang" or not but I saw that "pilot plant" in DVJ in July. It was a $250,000, 12 foot tall, monster of an attritter powered by a huge three phase electric motor capable of grinding 500 lbs of ore, in a 40 gallon vessel, in 12 hours to a powder so fine it makes talcum powder look like pea gravel. And that was it! It looked exactly like the smaller lab bench top attritter right next to it that presumably was being used to do the "check work" we all heard was going on down there. Here's the problem as I saw it. If Franklin Lake ore has to be attritted to 500 mesh in order for the J/L process to work, and this 500 lb/batch monster attritter is the largest made, then we would need 20,000 (five trillion dollars worth) or more of these machines running 24 hours a day, 365 days a year, to process the 3-10 billion tons of ore at Franklin within 500 years! In other words there's no way feasible to recover PMs at Franklin Lake when you're only taking 500 lb bites; especially if you have to chew them to smithereens. In addition, there's no way to predict that someday, perhaps soon, some bright metallurgist just might end-around this overmuscled mechanical approach with insight, science and chemistry. It seemed a too risky an approach. And still does. Jerard P