<<I am a single stock investor and have done deeper due dilligence on this company than anyone posting on this thread>>
Jerard: It is obviously a good thing that you have done a lot of due dilligence. However, the ultimate test of this stock, or any of the other desert dirt stocks is whether their "black box" recovery processes can recover enough metals at a rate and cost to be economical.
My question to you is how do you DD a black box? You or anyone else posting on this thread (and quite possibly Dr. Johnon himself) has no idea whether Naxos will ultimately be successful in achieving economic recovery.
As I have mentioned several times, GPGI also has multiple ounces per ton and has been promising production for a couple of years now. Well, they are now in production, and they have managed to produce a total of $15,000 for their efforts of the last several months.
Does your due dilligence tell you what the outcome of Naxos' 5tpd pilot plant will be? If Naxos puts 2opt X 5 tons per day of goodies on the table, then they will have something here. Of course, even at that amount, we are still only talking about 10 ounces per day of production. The company will still be a long way from becoming anything close to a major producer.
But my point is, unless your due dilligence has an answer to that question, it really isn't worth much. Because unless you know the answer to that question, you are still putting faith in a "black box" process, just like investors in any other dirt.
That is where the trials and tribulations of the other dirts comes in. I would think investors in any of these companies would want to know of the experiences of the other companies that are trying to crack the same code. That's why I follow all of the dirts. I have no particular allegience to any of them and will (maybe) invest in them based on my judgements of their relative price and prospects. |
