Larry,
For any aspiring mining company to be considered serious they will have
to use reputable firms to do the COC testing and so on.
The very fact that a company uses a reputable firm like Ledoux or Behr
doesnot necessarily increase its credibility, but it can alleviate somewhat
concerns about possible misrepresentations. It makes good business sense
though to use reputable firms.
However, when reputable firms stake their own reputation testing such COC
samples, you can be darn sure that what they find will be an accurate
reflection of what is actually there.
If exceptional results were determined I am sure Ledoux would want to make
doubly sure that such results were not caused by incompetent lab work,
intentional or unintentional contamination, breaches in the COC or any
other event that could have an affect on the outcome.
From what we have seen and heard so far it appears that Naxos' management
(to their credit) has gone out of its way to ensure that the COC procedure
was 100 percent safeguarded.
Therefore, we should have great comfort that the results are what they are,
but it only proves presence, perhaps abundant presence, nothing more at
this stage.
I have worked 20 years in an industry where we frequently used surveyors/
assayers around the world with Ledoux being one of them. I have great faith
in the accuracy of their findings. If they are satisfied the COC has not been
breached, so will I.
Forget about the hype either way. Naxos' only viable road to survival was
the one taken, i.e., using a reputable company like Ledoux. If the PMs are
there they'll make it big, if not, we all will go our own way.
JMHO
Jan |
