Micro-Fine Gold Plays - Franklin Lake, etc. Message Board

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Gold/Mining/Energy : Micro-Fine Gold Plays - Franklin Lake, etc.

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To: Victorio who wrote (58)	11/23/1996 10:46:00 AM
From: Richard Mazzarella	of 615

Robert, you have said before that CHIP is a proxy for Naxos. I have to agree with you, but that could also become a problem. The trading halt of NXR does not reflect well on the desert clays. If NXR becomes delisted, CHIP is also badly hurt IMO. CHIP could get its pilot plant running and show results before that may occur. Then the "proxy" aspect is finished. I am also wondering with the commonality of ore types whether it would make sense for NXR and CHIP to partner or at least cooperate. A wild thought occurs to me that NXR could be trading under CHIP with a partnership, X shares of CHIP for NXR shares. Comments?

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