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 (12490)	4/30/1998 5:59:00 PM
From: ShoppinTheNet	Read Replies (3) \| Respond to of 20681

" it is simply a healthy debate" Well I am glad to hear that, but I will pass on the donut. Regarding your question about the drill program, I think we will need to assume that the results start to come out much faster then they are now. Lets say we get real fast and do one hole a month. To complete 89 holes will take 89 months or 7.4 years. If we really get humpen, we could do 2 holes per month and you are looking at 3.7 years. With this in mind, I think we will need to be committed to the fact that this is a long term investment. I think you will see this trading range for quite some time, if Naxos only focuses on drilling and assaying. Somewhere in this picture, large investors will say, Hey, fine, you got good dirt, but can you make a gold necklace for sister Sue?. This will require proof of a recovery process (economical of course)! Is now the time to finalize that? Not likely, I say you are looking at maybe one year mim. We have to remember here, Naxos has spent seven years telling the world this is not standard ore and its recovery process is unique. So they will want proof. Baring any major developments, you will be lucky to see any big movement soon. But I am holding for now, so don't be concerned with me in this regard.