To all : First, Inder, welcome to this discussion group.
I think NXR is one of the most controversial stock I have ever seen.
Anyone who follows it for a while will be very likely to fall
into either one of the two camps.
Camp 1) This camp of people think that Naxos is one of the biggest
lie in mining history. They cannot believe that such high
concentration of Ag, Au, 6 PGMs, rare earths can be find in
such a large area. NXR has 180 m tons of material to only 40 feet deep. NXR also indicated that their single deep drill hole that
went to 500 feet showed mineralization all the way down.
If the high grade persists throughout the area and all to a depth
of 500 feet, NXR will be much more than 3 times BRE-X. It will be
bigger than ALL the mining companies in NA combined together.
No wonder they don't believe it. They doubt about everything related
to NXR : its president, its assays, its labs etc. In last
count, a lot of the mining related institutions are in Camp 1,
including : Northern Miners, E.Charters, John Kaiser, Stockwatch
and David Baines of the Vancouver Sun.
Camp 2) This camp of people think that although the NXR story
is so incredible, it may be true. They believed in those people in NXR who had worked for years to
explore and research on the Franklin Lake areas. Some
of them have done detail analysis on NXR and some of them are believers in Dr. Groves. There are not many people in Camp 2 right
now, and they include Jay Taylor the newsletter author,
David Snow an analyst of Energy Equties and Kieth Mckinsey the IR
of Kilo gold.
Please don't ask me which camp I am in. I would rather wait for NXR
and ASE to complete the assaying of the new hole.
But what a one hole assay result that can be.
If it turns out nothing (or close to it), I doubt NXR will ever
be traded again and the shareholders may have another piece of expensive wallpaper. But if the new assay result confirms NXR's results and it resumes trading, the short sellers may be the one crying uncle.
Will like your comments. |
