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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Henry Volquardsen who wrote (8118)1/14/1998 1:41:00 PM
From: mark silvers  Read Replies (1) of 20681
 
Henry-
Here's a question for you. Since the threat/perception of increased production is always a possibility, wouldn't the market have to give SOME value to those reserves?
I mean, since naxos could always juice up production either via technical enhancements, or adding production capability, wouldn't the market would be forced to acknowledge that possibility by giving it some value?

Also, what would the prospect that Naxos could always JV with a major and/or be purchased by some other large organization, do to those reserve projections? It's not like they are going to give them away for free, so they would have to have some value under those circumstances also...

Also, since Ledoux hs certified the presence of platinum at Franklin Lake, let's use platinum as a example in this scenario. Right now, the platinum mkt is much smaller than that of the gold mkt. I would think that the announcement of a large platinum find would make a significant dent in that market as you near production. I would also believe that the industrial uses of platinum would grow that market significantly as industry figures out the many applications of that metal with a cheaper cost basis. My question is this. How do future valuations bring into account large sea changes in the underlaying security? Wouldn't they have to allow for some valuation based on the fact that there is no way to tell if far greater amounts(or lesser for that matter)of metals can be brought out without disturbing the price structure as an industry changes or matures?

Thanks in Advance

Mark
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