Neal, While I agree with your logic, I think we are not talking about the same point. I wont speak for Larry but what I meant anyway was that either FL had the PM's or not. It was never going to be a "well they sort of have PM's". Considering the size of the deposit, in the several billion ton range, whatever concentration of PM's there were, it was going to be huge. The relative climb of the stock was almost irrelevant in the sense that, once it got to say...$150, who would hold on for higher prices?
Even so, the whole SFA stage was really, in my understanding of it, just a TESTING option to get more institutional support and once they were in recovery more "black box" technology would be reintroduced to find out if the non standard testing methods could be valuable as a recovery method as well.
By the way, anyone have any thoughts as to the nice runnup today? On no news? But then again, that's how Naxos has always behaved!
Tom F. |
