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

To: Larry Macklin who wrote (18681)	4/23/1999 9:16:00 PM
From: soxan	Respond to of 20681

Larry,ok, fair enough, soxan

To: Larry Macklin who wrote (18681)	4/25/1999 11:04:00 AM
From: Max Haber	Read Replies (2) \| Respond to of 20681

Larry, don't you think it would make more sense for MG to just go ahead and keep recovering the gold? i.e. gold sales--revenue Their (pilot) plant is said to have capacity of 100 tons a day. If they can consistently recover, and sell, increasing amounts of gold the company will be making real money in a short period of time. The idea of an engineering firm to come in and verify at this time would be more suited to a company like Naxos. Naxos has the better (my opinion) ore body, much larger in size and scope. Using an engineering firm to verify results of the existing pilot plant, (keeping my fingers crossed) could help Naxos get the financing that is so desperately needed. Naxos using an engineering firm would help any financing be less dilutive. Max