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: Tom Frederick who wrote (11920)	4/16/1998 5:46:00 PM
From: KRosenfeld	Read Replies (2) \| Respond to of 20681

Tom, Is the completion of the drilling and numbers enough to cause more than a little jump in the stock price and then a gradual decrease to where we are today? Doesn't the company need to show an ability to recover, not just assay? I will be the first to admit that I often get confused between assaying and recovering, but back around Thanksgiving, we were all stating that J-L numbers weren't enough. We needed to set up the pilot plant and start recovering gold. To put it simply - 5 tons of dirt in, however many ounces of gold out. Why does that thought process no longer exist? Why do we now just need to show gold in 68 holes? Don't we need to show that we can recover economically? Or is that understood now that we are using standard techniques? Will the conventional mining community accept this without illustrating recovery capability? It seems that with new management we have gone in a different direction, and I am not saying this is bad, good, or indifferent. I am just trying to figure out where these steps, which are obviously in a different direction, are leading us, and how much farther we have to go. I think we have left the "two more weeks" stage, I am just not sure if we are in the "two more months" stage, the "two more years" stage, or what? Any answers will help!!! Ken Rosenfeld