Jim
First of all, congratulations on the impending birth of your child! I hope you and your family(and family to be) spend many years of happiness and health together.
It seems to me tht your weekend was a great one. You averted a much greater disaster, your family came through in fine shape, and you have hell of a story to tell at cocktail parties. Not Bad!
As far as Naxos is concerned, pom poms are not what is needed. Just logic and the ability to make a decision for yourself. That decision will not have the same answer for everyone.
IMO, nothing has really changed(except for our net worth). Everything you knew(or thought you knew) is as it was a month ago. Even the numbers reported are the same. It appears to me tht we had some selling to buy expiring warrants(according to stoopid) that percepitated some greater selling by people who decided that either the numbers werent high enough for their liking(multiple ozs), the time frame was dragging too long, or the emotional swings were too much. those are all valid reasons.
In my mind, the flip side is that if you liked the story a month ago, the only thing that has changed is the additon of a new board member who brings with some credibility( a nice, but only semi-important occurrence at this point). There has been no bad news that I am aware of. The story is the same. We wait for numbers from the new drill program.
If you want to bail because some numbers that are marginal( before including any PGM's that have already been assayed from that hole) from a hole over a mile from a hole we recieved good numbers on, is scaring you, then you should bail. There is nothing wrong with that.
This type of stock is definitely not for everyone. I, for one, still believe in the story. In fact, I am poorer, but have as much if not more confidence in the project as I have ever had. That is my decision, and
works for me alone. I am not suggesting that anyone do anything except think the stiuation over for themselves and make a decision that is appropriate for their own personal set of circumstances.
The interesting and ironic thing is the maxam numbers that were released today. They released very good COC numbers that they got off of a proprietry leaching process. When they used lead fire assay they got nil. I believe because the iridium is an interferring element. ( we also have iridium in our ore, according to Clyde Davis)
If my memory serves me correctly, I remember hearing that STD lead fire assay while being necessary to prove things conventionally, is not going to show the optimum numbers. It is quite posible that eventually the numbers will be higher(it is also possible that they wont) it will take time to know. I plan on sticking around to find out.
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