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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: knight who wrote (6531)12/6/1997 7:42:00 PM
From: Henry Volquardsen  Read Replies (1) of 20681
 
knight, my pleasure. I'm always intrested in a good discussion.

Your question Would I be correct in assuming that even if the technology proves out, the costs of economic extraction are not feasable at this point in time? That is of course the magic question. From what I have heard the Johson-Lett process would be economically feasible. If this is not true the naysayers on Naxos will be proved right. That is why Naxos remains a very high risk speculation and not for the faint of heart. If we already knew the answer the stock would either be worthless or significantly higher. That is why the report from those who visited the site last week that Naxos has purchased the equipment for a 5 ton per day pilot processing plant is very encouraging. This should tell us whether the process is economically viable.
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