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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: ShoppinTheNet who wrote (12922)5/16/1998 1:07:00 PM
From: Henry Volquardsen  Read Replies (1) of 20681
 
Chewy

If this was so conventional it would have been mined years ago.

Why? Your statement implies that if it is a conventional deposit it would already have been exploited. There are new conventional deposits being discovered all the time. No one said about the Kemeses project 'if it is conventional' why hasn't it been mined before.

First off what is conventional today was not conventional 20 or 30 years ago. Second you need someone to actually test it to see if it is a conventional deposit. As long as Naxos has had the rights to Franklin Lake they have had people running around with chemistry sets trying to prove they had found El Dorado. We have discussed how they didn't have employees with experience in conventional mining. Perhaps if they had some of these employees years ago they would have recognized the possibility of conventional extraction instead of chasing rainbows. It reminds me of a comment someone made several months ago to the effect that Naxos is a scam gone wrong.

Henry
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