Mark, Great Post (s). And to add to your thoughts, J&L have hitched their wagon to Franklin Lake with this deal in the sense that they can't shop this around to other DD's while so many seem to be so close to wanting proof of the viability of recovery. There is more to whats going on at Naxos than we know to convince J&L that Naxos will be THE DD property to be tied to with this all new method of PM recovery. J&L and Naxos plus anyone else involved will be at the forefront of a PM mining revolution.
As a previous post also states very astutely, this process could be worth much more than just what the Franklin Lake deposit produces. Keep in mind that Naxos has the right to "lease" out this process to any other operation where they have a 51% + involvment. In other words, if and that is IF the process is PROTECTABLE as a patent, Naxos and J&L can ride into town at ANY other deposit and say, "we can give you 10X your current recovery for X (whatever the deal is). This would still give any operation many times what they would have gotten out of the ground and Naxos skims the cream.
Again, there are big ifs here but think about the possibility that someone who knows more about working with these types of deposits than anyone else, just might know the right way to handle it. Even if it takes a few years for someone to build the better mousetrap, Naxos could be producing directly and indirectly such a volume of PM's that the incentive to invest years and lots of money developing a better mousetrap will diminish. Kind of like why the U.S. didn't do much oil exploration for quite a while after the Mideast started volume production.
Just some thoughts, but it gets more exciting every time I think about what all of this could mean to Naxos and us shareholders.
I think, as many other posts have stated, Naxos management deserves a very big slap on the back and an atta' boy for what they have accomplished over the last year. Who woulda' thunk it?
Congratulations to Jimmy, Fred, Kim, Russel, Jeff, and all the folks I am forgetting to include here.
Regards,
Tom F.
P.S., if the astute observation and unusually crisp "in between the lines" call on a Tuesday release comes to pass, I think we will have quite a bit to drink to on Tuesday eve!!! But let's wait. After all this is still Naxos! |
