Naxos Resources (NAXOF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Naxos Resources (NAXOF)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: knight who wrote (12943)	5/17/1998 2:33:00 PM
From: Richard Mazzarella	Read Replies (2) of 20681

knight, IMO the company needs just enough drilling to show that there are metals at FL. The market is well aware of metal ores that can't be economically mined. If the assays were showing 1+ OPTs I would agree with you that just proving up the property is the priority. However, the lower assay numbers cast some doubt about economic recovery. If Naxos can't show high OPT soon, then recovery should be their priority. It's just economic critical path methodology. No point proving a resource that can't be mined. I hope that my comments are understood in the context of current discussion. I must say that CHIP (Dr. Groves?) has maintained that the playa clay ore consisted of two types. The first is free gold that any leach can get at, the second is the elemental ionic gold that is captured in the zeolite. Current Naxos assay may only be seeing the free gold, thus the lower assays. The J/L process works at releasing the elemental. That degree of increased difficulty may also be the inconsistency observed. The current assays may not be as gloomy as they presently appear. Current fire assays may be only seeing a portion of the precious metals potentially available.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next