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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: Char who wrote (19583)	7/28/1999 9:58:00 AM
From: Richard Mazzarella	Respond to of 20681

Char, thanks for the links. Constant dollars for lithium compounds seems to have remained the same from 1970. There is a reference in my old 1970 Handbook of Chemistry that has lithium metal at $8/lb. Most of that cost has to be the electrochemistry to recover the metal. Energy costs have increased enormously since 1970 so I would expect lithium metal to sell for ~ $20/lb today. Of course the value of the ore/lb is much much less. What do you think of the Naxos business plan?