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

To: GlobalMarine who wrote (5838)	11/23/1997 10:39:00 AM
From: Tom Frederick	Read Replies (4) \| Respond to of 20681

Lorne, Rand, YES, YES, YES on all counts. You have both arrived at what some of us have been asking to be discussed here for some time now. This is not simply a PM ore body. It may be THE PM ore body in existance (for the time being). But, as you have pointed out, there will be many of these type of properties worldwide all scrambling for the best method of assay and recovery. If in the "land grab" stage of the DD explosion Naxos can produce 100's and 1,000's of assay and recovery numbers, Naxos and the Johnson-Lett method will establish a very clear ability to produce results. There will be few who will have the time or the money to play around like Naxos did for so long. The point of least resistance will be the Johnson-Lett method with a cut off the top. As far as demand vs. supply, the top engineers of multiple disciplines should be brought together for a "supposeium" (a very astute Naxos coleage came up with that one) to ponder the question of "suppose" we had 100's of times the gold and PGM's ever thought existed and "suppose" they could be mined profitably bringing per ounce costs down. What would you do with them? The nice part of this type of think tank is that there will be a real chance to take advantage of any concepts develop via the Franklin Lake Deposit (and many more to follow). I will share with you a very interesting conversation I had last night. I had the pleasure of speaking to a senior engineer at a top aerospace manufacturer. His area of expertise over the last 30 years has been sonar development. And believe me he has been at the forfront of this area for a long time now. I asked the question of wether or not sonar / radar can be used to analyze underground land bodies to determine location of bedrock vs. soft soil, to determine higher density soil vs. less dense soil, etc. He gave an unequivical "yes" to that. I explained the Franklin Lake property and he said very clearly that sonar could quite easily be used to "map" what lies under the ground and determine just how deep this deposit is. This could all be accomplished quickly, easily and at far less cost than attempting to drill out the property for the purpose of determining just how many billion tons Franklin Lake holds. What this clearly shows is that Naxos is not simply some neat investment that has great potential to make us alot of money. This is could spark one of the most exciting and interesting financial/Manufacturing/Engineering events in our lifetimes. As far as "leaks", please lets' not wish we knew more. Until it's news, it is not news. And we will all know soon enough. If you want a leak to help you decide, you are not on the right investment. Naxos is an investment that takes a leap of faith in large part and then lots and lots of DD to support your decision. Regarding our "lion" he reminds me as a King of the Mumble, the King of the Bleeps or a beast "filled with sound and fury signifying nothing". Maybe he needs a thorn pulled out of his paw or something. Hang in there. We are getting very close! Regards, Tom F.