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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: GlobalMarine who wrote (8724)1/30/1998 1:00:00 AM
From: sh  Read Replies (1) of 20681
 
Rand, I didn't realize you're one of the ones whose into Maxam; I should of figured that out since I believe you did say you've diversified amongst all the desert dirts. In any case, aren't you concerned that the handling of the material was done by a paid consultant rather than an unaffiliated (albeit paid) third party? I doubt the market is going to give these results much credibility. Also, Naxos should be producing metals by this Summer through at least the pilot plant. The one good thing Maxam has going for it is Ledoux (notwithstanding the time it takes to get assays done). Has anyone done any reasonable estimation of their probable per ton production cost? Actually, this is really off topic, so I'll leave all that to the Maxam thread, assuming there is one. Good luck with the stock.
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