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

To: Stoopid who wrote (5468)	11/10/1997 8:24:00 PM
From: Jan A. Van Hummel	Respond to of 20681

To All: While one can argue about the effect of the overhanging stocks of gold in the market place where anytime any country may elect todump its stocks, platinum and palladium offer a much brighter and healthier supply-demand scenario. Naxos's ultimate success may hinge on its ability to recover gold at a cost below the industry average. However, there is also platinum and palladium. To what extent? The COC results will have to tell us that, but any recoverable presence of Pt and Pd can only but enhance Naxos' value. Was the demand for Pt and Pd largely industrial with a minor part for jewelry I did not realize the attraction for the investor until today's article in the Wall Street Journal: "Going Platinum: The U.S. Mint strikes a vein with new coins." Platinum coinds that is. Since September the Mint has sold 83,000 ounces! Arguably, as a long-term investment platinum is more appealing than gold simply because of a normal supply-demand relationship. Let me take that back. Recently, Pt has been in short supply but there are no bank stocks (I know about) that can be sold to increase supply. Ergo, the mines have to mine more or the price will go up. Pt and Pd may prove to be the icing on the cake if it is sufficiently present in Naxos' dirt and can be economically recovered. Hopefully, the COC results, soon to be released, will tip a little more of the veil. Jan