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

To: Bill Jackson who wrote (20613)	8/2/2001 10:18:45 AM
From: Tom Frederick	Read Replies (1) \| Respond to of 20681

Bill, The problem of course, is that there have been others with mining experience who have explained exactly why this deposit happened and why it made sense. There are no properties anywhere recovering from dried up lake beds or Desert Dirts so there is no history of what to expect or not expect from this type of formation. I would think that eventually SOMETHING will be recovered from the clay. But my guess is that whoever figures out how to make a buck on it, they will introduce entirely new formulas to figure out what happens when millions of years of sediment is mixed from a variety of structures and outcroppings. The old hard rock formulas will likely not apply. That's still not saying that they will be chock full of PM's. It's just likely that the mixes of minerals, etc. will be different. Who knows, maybe there will be only one or two metals that can be recovered. Maybe it will just be non-precious metals or even just rare earths. Bottom line, whatever their claims, they need to prove it with recovery. Without recovery, the assays don't matter anyway regardless of what they say is coming out of the clay. And without money...well, then it's time to turn off the lights. Tom F.