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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Tom Frederick who wrote (10788)3/22/1998 2:08:00 PM
From: Richard Mazzarella  Read Replies (1) of 20681
 
Tom, <<The most recent testing from Ledoux and CMRI is believable.>> Sure it is, but that's what is causing some confusion. On the face of it, the standard fire head ore assay is excellent. Enough for me to speculate and buy a playa clay company. The thing that nags me is why couldn't that be done before. CHIP has never published an assay number while the whisper number there is 0.3 OPT. Naxos hasn't been able to do that before, always was some special preprocessing. I think it was Mark that speculated that it's the placer gold. If that's the case and other standard fire assays on head ore can't be done, one needs to be careful about claiming homogeneity for the playa. It may also suggest that JL or some other preprocessing may be required. Then we have even more questions on economics again. While the good evidence is coming in, there is still a long way to go before investors will rush in IMO. While some issues are answered it generates other questions.
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