Ron, You are suffering from what many here have unfortunately already been cured of...the hard way I might add. "Nothin' but blue skies" investor fever. You don't seem to consider that J/L might not be provable. You don't see the need for third party verification.
You posted "There really is no need to do all this third party verif, COC, etc. unless the whole process is questionable".
My God man, were you out getting coffee or something for the last 4 years? Haven't you heard of Bre-X? IPM? DelGratia?
The industry as a whole takes a whole different look at this stuff these days.
Even Naxos, with a successful pilot plant producing metal every day (let's hope) will at some point need to have a third party come in to run the plant. They will scrub it down, clean it out, restart the process and run it themselves to be sure. Then a third party will have to supervise all drilling and assay around the property to have a realistic assesment of total ore tonnage.
While I wish all the DD's success, it is a much healthier thing to approach it with less emotional attachement and a more critical eye. That goes for Naxos, MXAM, GPAU, all of us.
Good luck,
Tom F. |
