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

To: Chuca Marsh who wrote (20039)	11/15/1999 10:50:00 AM
From: Tom Frederick	Respond to of 20681

Chuca, The 40 element "suite" testing, as you clarified, is a very smart business move. Think of where we would be today (which in Groundhog Day is the same as yesterday and tomorrow) if they had done broader testing 9 years ago at the playa? With brine recovery and testing being quite standardized, it is only prudent to see most if not all of the valuables you can garner from each gallon. Wouldn't it be a shame if Naxos looked very hard at Lithium, Boron and Magnesium and nothing else, only to find out years from now that it was a rich "fill in the blank" deposit which could have been detected with a simple test? Naxos is casting a large net. Anything that's profitable is a keeper. It broadens the chances for success. Many years ago, in the Colorado Rockies, outside Denver, gold mining was a hot, hot prospect. As gold mines played out all that was left was worthless ore laden with some heavy silver colored metal, which wasn't silver. So the miners moved on to the next prospect. Well, as years went on a very smart man came through the valleys buying up spent gold mines for almost nothing. He wanted this "worthless" silver colored metal in the ore. This very shrewd man ended up being one of the largest nickle producers in the state and also a very wealthy man. Naxos isn't leaving anything to chance and that's smart. We still don't know what they DO have, but at least they are hedging the bet as best they can. Tom F.