" it is simply a healthy debate" Well I am glad to hear that, but I will pass on the donut.
Regarding your question about the drill program, I think we will need to assume that the results start to come out much faster then they are now. Lets say we get real fast and do one hole a month. To complete 89 holes will take 89 months or 7.4 years. If we really get humpen, we could do 2 holes per month and you are looking at 3.7 years. With this in mind, I think we will need to be committed to the fact that this is a long term investment.
I think you will see this trading range for quite some time, if Naxos only focuses on drilling and assaying. Somewhere in this picture, large investors will say, Hey, fine, you got good dirt, but can you make a gold necklace for sister Sue?. This will require proof of a recovery process (economical of course)! Is now the time to finalize that? Not likely, I say you are looking at maybe one year mim. We have to remember here, Naxos has spent seven years telling the world this is not standard ore and its recovery process is unique. So they will want proof.
Baring any major developments, you will be lucky to see any big movement soon. But I am holding for now, so don't be concerned with me in this regard. |
