Bob:
I'm not so sure what the history of IPM has been other than the problems with the Arizona authorities not too long ago and the negative commentaries from some analysts of late. Naxos, on the other hand, had its stock halted for months by the Alberta Stock Exchange, which in effect leveled accusations of fraud. Naxos had to prove with third party verification that it has gold at Franklin Lake and has come out with some impressive numbers. The ASE backed off, no doubt because it knew it could not back up its accusations. Naxos is now in the process of getting out additional, strict COC assay and (I believe) recovery numbers. The market anticipates some pretty good results with the Johnson method and you have seen that in the price rise. If the numbers are consistently anywhere near as good as the last numbers reported from the Johnson method, Naxos' current price will continue to be much higher than the other DD's IMO. If you need a detailed analysis of the potential for Naxos' property, go to the Naxos thread and read up on Kim Brasington's posts. You'll find many other posters, including Mark, who've described the potential size of Naxos precious metals deposit.
Bottom line: Naxos has great potential. That is not to say IPM and others do not, but Naxos indeed has had a tough road to travel and has survived worse attacks than any of the other DDs and appears on the verge of finally establishing the vast magnitude of its reserves, coupled with an economic recovery process.
BTW: As far as I know, CHIP does not have any COC assays that it has presented to the market so it is not unusual to see its price very low in comparison to a company that has. As for IPM, its management's inability to meet target dates it itself sets has hurt it a lot IMO. Let's just hope that the results that finally do come out are positive.
Regards,
SH |
