Mr. Lonnie, Historically, all of the Naxos news releases with drill hole results (in the last 5 years) showed that the gold,silver, platinum, whatever, metals were very consistent when sampled at 10 ft intervals. And the deepest hole depth showed no drop in metals content compared to the top of the hole. While these results were obtained by methods not "sanctioned by the biased ASE and Baines camp", the values were very consistent from top to bottom. The specualtion from others on this thread (and myself included) is that the ore body is EXTREMELY DEEP. Tom Frederick estimated 2.5 billion tons of ore based on what depths have been tested (300 ft or so), but the ore body may extend down past 1000 ft or more. This ore body is homegenous. We are not looking for a "gold vein".
Your are right about the lack of stock promotion by Naxos. The management's attititude seems to be solely conserned with proving the science and commercial feasibility. It does not appear that they are overly concerned about stock price, or else they would do better PR. As long as they can keep the train rolling, they apepar happy. I for one am frustrated, that this wonderful story is not very well known by the public. The news releases, in general, are very dry and could do a much better job in promoting the prospects of the company.
Regarding tests results releases to date... I bet the 3 opt numbers just released, were at a minimum an average of 3 or more samples from the same depth.
Lets hope that the next release shows phases I,II, and III data and is much more encompassing of what naxos really has and shows intermediate depths.
The platinum numbers may VERY high and might cause international concern over new supply and demand economics. Other Ledoux customers are probably in the platinum business. Ledoux may be concerned about releasing historical type numbers and having its existing customer base get very angry. I believe this is why the certification was delayed at the last minute (and why liontamer's predicitons did not coem to fruition). Someone at the top of Ledoux may have delayed the whole thing because they got scared.
With all the anxiety and rumors in the air, Naxos felt obliged to tell us as much as they could about what was going on.
Please note that the recent news release said "platinum group metals". This grouping also includes othere elements, such as palladium, ruthenium, osmium etc.
It would also be nice if Naxos would comment about electronic trading.
It would also be nice if Naxos would comment about financing.
Scaleup from the lab to 6 ton/day is crucial. IMHO, this is where the rubber meets the road. |
