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: mark silvers who wrote (9047)	2/12/1998 1:22:00 PM
From: Henry Volquardsen	Read Replies (2) \| Respond to of 20681

Mark, I don't disagree with the notion that we don't really know what the trigger will be. To clarify why I focus on the issues I outlined is because I believe they are the answer to the two big questions any new investor to Naxos will need to have answered. The first question is 'Can the Johnson-Lett process be scaled up for commercial application or does it only work in the lab?'. The second question and one that will be even more important to answer is 'Is this another Bre-X?'. Bre-X was reporting numbers from reputable sources as well and fooled some very credible people, remember mining companies were fighting with each other to get in line to partner. You and I and several others have done a lot of research and analysis to come to the conclusion that we are very comfortable with the prospects as they currently exist. But the average investor does not have the time, predisposition and, in many cases, the ability to do this type of analysis. They will need some definitive answers before they venture this way. So I focus on the production assay and a 'name' investor as the combination that I believe will answer the question in many peoples minds. Until that time I am prepared to be patient. I am also prepared for something else to be the trigger. Henry

To: mark silvers who wrote (9047)	2/12/1998 3:07:00 PM
From: mfgrep	Read Replies (3) \| Respond to of 20681

Praiesd Be Mark-- You are nailing it on the head today. Part of what makes this such a frustrating speculation is that we have no idea what it will take to make others believe in the Naxos story. There is no doubt in my mind, however, that if we are turning out the kind of ounces that we all know are speculated with our pilot plant, we will see some significant changes in our portfolios. Regardless of "numbers" and press releases and Johnson's methodology etc. etc. etc.......FACTUAL proof can only be found in heavy, shiny, glorious gold bars. After the recent DD scandal with Bre-x and all of its baggage...we are running uphill. Even my lawyer friend (yes, I said lawyer) has heard of Bre-x. If the lawyers know....everyone must! lol Yes..I wish to see numbers released regularly (<--key word..regularly, at fixed/normal intervals) But I believe that Naxos' efforts should be concentrated in firing up the pilot program. If there are too many delays with numbers from this plant...or long delays getting the plant running...everyone will start gettin' jumpy...especially me! The proof is in the puddin' baby. Jason