Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Neal davidson who wrote (6561)	12/7/1997 12:37:00 AM
From: Kim W. Brasington	Read Replies (1) \| Respond to of 20681

To All: First, I must offer an apology to the thread, for not having posted during the road trip to Franklin Lake. All of us were quite busy, and in my perception things went well. There have been posts by others who were there, and I will not try any duplication. Perhaps the best thing for me to do would be to give you an overview of what took place on Dec. 4th. As many of you know, there was a large group of individual investors, some fund managers and an analyst or two that was part of a tour of the Desert Dirts and Clays. Naxos was one of the last companies that this group came to see. The numbers increased by over 100% when 30+ Naxos shareholders also came to see Franklin Lake, and to hear Dr. Johnson and Mr. Lett. The 60 or more people were divided into three groups when they arrived at Franklin Lake. The first group went to see the Lab, with Doug Farley as host. The second group saw the heavy equipment that Naxos had at the site; hosting was Tom Arkoosh. The third group listened to a geological explanation of Franklin Lake followed by a short talk by Naxos' enviornmental consultant - Keith Jay. Following the above, a large group of the guests got on the tour bus, and went down to the edge of the playa to get a perspective on its' size. Several persons stayed behind and visited with some of the Naxos personnel and probed them with questions. Throughout any of the breaks, there was constant visiting and question asking. I had the pleasure of meeting many fine persons that until then I knew only via the thread or phone. An hour and a half elapsed until the group went north across the Nevada state line to what Naxos personnel refer to as - "the farm". It is here that the we have a consultant permitting for the pilot plant. There is a huge building that will be used for the machinery to be placed in. Tables had been set up, and Doug's wife catered the affair. People had a chance to sit down and visit . The atmosphere was relaxed and friendly. After the meal was completed, the guests turned their chairs around to listen to the introductions by Matt Walters. Matt explained how he had spent time examining over 60 different processes until he came to one that seemed superior to all of those that he had looked at before. He used that as a springboard to introduce Austin Lett. Mr. Lett spoke about the three stages of a mining concern - exploration, development and production. He expressed his opinion about the different qualities that management needed to have in the exploration and development stage. He commented that he feels that Naxos fulfills those requirements for having good management. He went on to talk about the ongoing patenting of the Johnson-Lett process, and put on notice all potential challenging parties, that the patent would be vigorously defended. He explained that he had funded much research for refractory ores in the past decade and how when Matt Walters called him and told him about a Dr. Johnson, he willingly listened. After calling and listening to Dr. Johnson for ten minutes, he asked him if he could fly out and talk about a deal. Dr. Johnson agreed, and on that point, Mr. Lett turned the floor over to Dr. Johnson. Dr. Johnson began with how he came to understand and develop the process that is now patent-pending. He stressed the scientific simplicity of it. He gave mutliple names that he had heard applied to it, like - refractory, complex, spooky, no see-um, and ghost gold ore. Dr. Johnson told how this refractory ore could be changed to a simple ore. He talked about its' physical and chemical characteristics. He talked about its occurrence in nature and how it had been missed in the past. Questions and answers followed Dr. Johnson's talk. About half of the questions were technical ones. After the questions and answers, people stayed and talked for another half an hour or so. I shared the sentiments of some of the others that were there - that it was an educational experience that I was glad that I had not missed. Regards, Kim W.