Naxos Resources (NAXOF) Message Board

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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Henry Volquardsen who wrote (8162)	1/15/1998 10:40:00 AM
From: Jan A. Van Hummel	of 20681

Henry, Gold is done. There is plenty around. I have no illusions of gold returning to its past eminence, although I wish it would. Naxos' sole "raison d'etre" will be the fact that they will likely be able to recover gold at a much lower cost than most of the currently operating mines thereby displacing existing capacity. This is the real threat to the gold mining industry if the goods are there. Having said that, there is still the issue of platinum. The platinum market has none of the oddities of the gold market. There is a fairly balanced demand-supply situation and if anything, the market is tight. Also, there are no excessive stocks overhanging the market. If the FL field has economically recoverable platinum it will be whole different ball game. The same applies to palladium and any of the other Pt-group metals. JMHO Jan

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