Mark and All, Just wanted to post a quick one (as if I ever post a quick one) to let you know I am still alive and well. I am currently on "Naxos light". Which for you Mark, could mean something completely different, but I am taking this thread in smaller dosses and less frequently which has helped by blood pressure and sanity greatly.
I don't know about you but I received a few calls today regarding the Sunday Times front page story on the "worlds biggest deposit" of gold discovered by an Australian gentelman. The content of all the calls was the same..."why can't we get that kind of coverage on Naxos?". Well before more of us get all excited, annoyed, confused, let's just sit down and think about where we are and what the best route is to get where we want to go.
First, I do believe that exposure via hype does no long term good. Hype, in my mind anyway, is "selling news that isn't news". In other words creating reality where it does not yet exist. In the world of science, most truely great discoveries are done in the quiet of a lab. Only when absolute proof is available does the "science" get reported and distributed.
Second, by the input, guidance and roll-up-your-sleeves work of Russ and others I am sure, a number of well identified groups and individuals are very much up to speed on what is happening and are by all implications, very much ready to jump all over Naxos once we have the PROOF! Not the implications or extrapolations, but real proof.
Third, Naxos now sits at a strong $6 - $7 during current activities while the well promoted IPM and Chip sit at $1 - $2 and $0.50 to $1.00 respectively. I kind of think whatever Naxos is doing, it is on track. For those potentially large investors, if you manage a fund that has hundreds of millions, you don't care if you wait for real scientific proof and buy at $20 or $25 if that means you "know" what you are buying vs. buying at $7 and not yet being sure.
Overall Naxos is sitting in a very good position. They have not oversold to anyone. They have certified at .25 opt and have non-certified but COC results at 3.0 opt and are awaiting certification of the last numbers. They have gotten one of the finest labs in the world to committ to certification AND mention that there are "significant amounts" of platinum and palladium. (Think about that, it really doesn't give them room to ultimatly announce anything but good numbers)
If multiple labs can repeat these 3 opt numbers and the other Behr Dolbear holes can be tested with similar results, Naxos and Russ will be able to have REAL news to wheel around to everyone who is interested in the story.
I see that over the next 6 months there will be several very exciting and stock impacting events.
1) Final certification by our primary as well as secondary labs at the 3 opt range, first on gold, then on Platinum and Palladium.
2) All 5 BD holes tested with similar results on all metals.
3) Potential big players getting interested moving up the volume
4) Recovery with 5 ton per day equipement successfully repeating and improving on previous numbers AND results on all other metals present in the ore body. (Remember, we have not even heard about the rest of the platinum group or silver) Once the plant starts spitting out PM's every day, the lab work will be much less important other than to provide proof that the metal coming out is indeed gold, platinum, etc.
5) Expanded drilling and testing of the playa. That will provide real proof of the homogeneity of the playa at a variety of depths.
On a comparitive note, Homestake was in the WSJ today with a purchase story. They bought out an Australian firm and will be able to bring their per OUNCE, not per ton, per OUNCE cost down to an unbelievable $230 per ounce.
If Naxos can prove 3 opt gold and even just 1 opt on both platinum and palladium, and per ton costs are estimated by Dr. Johnson to be at about $100 per TON, not per ounce, per TON, that would translate to about a $20 PER OUNCE COST!!!!!!!! Does anyone realize what that can mean? The cost per ton is a relative constant. No matter what comes out at the end, the cost to process a ton remains almost unchanged. So with every once of every other metal that comes out of each ton, Naxos gets more and more profitable light years more profitable than ANY other operation on the planet. Naxos can be profitable with $50 per ounce gold!!! And we haven't refined the recovery, exhausted the other metals also available in the ore, checked how deep the deposit really goes, etc, etc..
No, with this kind of potential news, I much prefer that they keep on the road they are traveling. Get ALL the ducks in a row, cross all the T's and dot all the i's, measure twice, cut once, and every other clique' you can think of.
The news will tell the story. Just let them make the news first.
Regards,
Tom F.
He Mark, by the way, it was not much publicized, the on the very bottom far right edge of C3PO's chin, is a trademark logo. It says, "Naxos Platinum, Lease contract #1ELo-6789943" Yes, C3PO was made of leased Naxos Platinum (in the future of course).
PPS for anyone who read this far, I have a lollipop for you. |
