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 (10267)	3/16/1998 11:24:00 AM
From: Stoopid	Read Replies (2) \| Respond to of 20681

Is it just me or with the proliferation of wacky new posters, does anyone else automatically hit "NEXT" when there's a new name?? Please tell me if there's any of them worth reading or if it's all just rehash. BTW -- There's someone called the Saint with his own thread. Whatta whacko. Can't spel werth a crap eethir. Looks like the stock's edging upward here.

To: mark silvers who wrote (10267)	3/16/1998 3:55:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 20681

Comparing it to Maxam however is silly because maxam uses their own consultants to do COC. A major red flag if I ever saw one....... Mark: I wasn't comparing COC procedures. We are all well aware that Maxam has yet to report 3rd party COC, but has also announced 3rd party COC is underway. Whether Maxam has 3rd party COC is irrelevant to the comparison I was making, unless your position is that you must discount everything Maxam says regarding their ore body because they don't have 3rd party COC. The comparison has to do with the variability of Naxos' ore, which appears to be quite similar to the variability in Maxam's ore. If so, the bulk of Franklin Lake may consist of relatively low grades with some hot spots mixed in. That has implications on recovery methods (e.g. a recovery method that costs $100/ton may be just fine if you've got an average of 2-3 opt, but useless if your average grade is .1 opt). Maxam also has a magnetic survey of its property which has been accurate at finding hot spots, which Maxam intends to mine first in order to maximize initial cash flow. Such an approach may also be useful for Naxos.