Larry, I also have spoken to Mr. Gardner on many occassions and have the same impression.
What we all need to keep in mind is that many mining companies have failures at specific properties. Sometimes things just don't pan out and they have to pack up and leave with a significant loss on their hands. But with enough properties, the loss is absorbed, the next promising property identified and life goes on.
In some cases, companies take a long shot at a property, for example, in a remote location, but possibly very high concentrations of a specific resource, be it PM's or core metals like copper, etc..
Naxos is an entire company that based it's success on only one property, and that one property is a long shot property. And the kind of people willing to take on a long shot to start are those who may be willing to bend the path a bit to aid in their success. I believe Jimmy hired good people all along the way, some willing to help in his effort to hype any small success they had, others not.
I think Sid was trying to turn around a bad situation by spreading our liability and chances of success through acquisition of known properties with specific sellable reserves. We rejected that effort.
Bob I believe was one of the honest people just trying to decern the truth of the FL property, nothing more.
He has said what he intends to do, and he seems to be doing it. I wish him success, but success built on an honest assessment of what Franklin Lake holds.
As far as Lithium, the question we don't have an answer to is just how far along are the other Lithium properties. There must be a reason for one of the two major suppliers of Lithium to want to talk to Naxos. If there is a never ending oversupply, Naxos would not get a return phone call, let alone a dialog, so, in my opinion, something more is happening than a wild goose chase.
JMHO
Tom F. |
