Hi Mark, whew! tall order ;-). I could ramble on at length on Naxos, but I'll try to keep it short. While most SH will focus on the current developments, I compare current progress to the past history of the company. Is the company moving forward, breaking new ground, or is it repeating a pattern using a different spin?
I have followed Naxos for quite some time and liked the stock based on the SA properties, but for some reason, JJ shifted the focus to FL. I guess we all know the story from then on. That's why the announcement of the J/L deal last Fall sent up a red flag. Instead of forward progress, we were witnessing a repeat in the pattern. Another "patent-pending" methodology with a nice juicy deal. Same story, different day.
Then we see a turn in events. JJ steps aside, we get some new blood on board with some mining experience (hmmmm, now why didn't Naxos think of doing that before ;-)). The SFA is now being used and the focus is shifted from the J/L save-all methodology to "let's prove up reseves that are acceptable to the mainstream mining community".
I'm still skeptical, but I like what I see. I do think the company should make some announcement regarding the pilot plant and the ASC hearings. Also, to alleviate some of the skepticism by the media, having a lab acceptable to Canadian stock exchanges do check assays. Believe me, this would go a loooooong way for Naxos' credibility. Anyways, just a few thoughts. Best of luck to all.
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