Mark,
I do not disagree with you, for the most part anyway. Sure I can imagine people with vested interest in the J/L process wanting it to succeed, just as those individuals with interests in the other processes, like bromide, want Naxos to wait, and hold off on J/L until they can be proven.
Monthly payments cannot and should not go on for an extended period without acceptable results (period). This applies to all parties.
I just want somebody to tell me, via a reputable lab, that there is gold at Franklin Lake, again. We had several years of assays from Ledoux that were not retracted.
I want to see bars of gold platinum and palladium. That is the end game (yes it is football season). Assays are great because they can prove the up resource and define what exactly is out there at Franklin Lake. That is what the 1998 drill program was all about.
Until the Ledoux mess. Assays vs. full blown recovery? I'll take recovery first any day. As Steve Covey says "lets put first thing first". Recovery is he only thing that really matters. Thats the end game. If any group can put out assays, COC of course, multiple labs and a methodology for scaling that up to bulk testing (immediately) I would support them whole totally.
As to your belief that "you will see a concerted effort" ect. that makes no sense unless they can produce. Who would back any group that could not prove anything by a third party. Also, you said "IMO the J/L method does not work". Well I haven't seen anything yet myself. If they are unsuccessful I would expect that Naxos management would come out and tell us rather than leaving us in the dark. Second, if successful, perhaps the Board likes what the see and requested further testing.
As to angling to get all of Naxos cash?? It would be very interesting to see how all the money is being spent and where.
I do not want any group including Johnson/Lett, the bromide groups, or management to get paid for non-performance. Be it monthly payments or stock options. Performance first, payment second.
Max
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