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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Random Walk who wrote (12122)4/22/1998 9:17:00 AM
From: Henry Volquardsen  Read Replies (2) of 20681
 
Don,
If you can recover PMs from desert dirt with standard methods why has this not been done in 150 years?
The methodologies that are now 'standard' have not been around for 150 years but a few decades at most. Up until the last few decades no one would have considered looking for gold that was not visible to the naked eye. Today even most hard rock deposits would not have been viable in the not too distant past. What is standard is constantly evolving. So I don't have a question about whether it is feasible that Franklin Lake can be economically mined with standard processes. This is not to say that I believe it has been proven yet either. A lot more drilling and results need to be shown. I am also concerned that is taking time to get the results but I am willing to be patient.

I am concerned that we no longer have a proprietary process to recover PMs. I don't believe we ever had a proprietary process or a reasonably liklihood that we would have one. That doesn't mean that the Johnson/Lett process won't be successful in enhancing yields. But I strongly believe, and have stated in the past, that I do not believe the process could be patented. There are other similar processes such as micro milling. I doubt we would ever get an enforceable patent. I believe that all the old talk about a proprietary process that was coming from certain company sources were either hopelessly over enthusiastic dreaming or out right hype. I am very happy that talk has stopped.

Henry
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