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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Richard Mazzarella who wrote (8871)2/6/1998 11:49:00 AM
From: Henry Volquardsen  Read Replies (1) of 20681
 
Richard,

I have thought about possible environmental concerns as well. It is something we will need to deal with at the time. In the realm of pure speculation on my part, it has occurred to me that the potential for platinum could be very helpful in this regard. The developing technology for fuel cells will be important for the future of clean and efficient electric powered cars. I believe the most efficient electric fuel cells use platinum. If Naxos ever proves platinum numbers and shows sufficient reserves this could be very helpful. A large source of platinum that would help satisfy the growing demand for these fuel cells should make environmentalists more favorably disposed to mining Franklin Lakes. This is just speculation on my part but something I have had in the back of my mind for some time.

Henry
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