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: Mr Metals who wrote (12904)	5/16/1998 10:30:00 AM
From: Henry Volquardsen	Read Replies (2) \| Respond to of 20681

Mr Metals, Not exactly sure what the Desert Dirt theory is. But I don't classify Naxos as a desert dirt as they are not depending on the development of a proprietary extraction process. They are getting results from a conventional fire assay and are trying to prove a conventional reserve calculation. Naxos is more appropriately viewed as a junior exploration company, not imo a desert dirt. The question regarding Naxos is whether the results they are obtaining will be economically viable for conventional extraction. Not does their black box really work. Henry

To: Mr Metals who wrote (12904)	5/16/1998 10:48:00 AM
From: Jerry in Omaha	Read Replies (4) \| Respond to of 20681

Mr. Metals, Welcome to the Naxos thread, Mr. Metals. I am sure that many on the thread will be interested in any contributions you have to make and be willing to engage in dialog with you. My understanding is that you have long posted on SI and this is your third incarnation having been removed twice before. I am often wrong, of course, so feel free to correct any erroneous facts or impressions I may hold. <<It seems that NAXOF is the ONLY Desert Dirt to survive so far. Is NAXOF going to be the next casualty or do you honestly believe they will survive and prove the Desert Dirt theory.>> If Naxos were merely another desert dirt then it would stand to reason that some, even a few, of the posters you find on the other threads would be posting here just as they do on the other DD threads. That is not the case and that fact begs the question: Why? The answer is simple; It is the considered judgement those brilliant, well informed people on the other threads that Naxos is, and always will be to them, a loser. With smug anticipation they all have waited for the demise of Naxos. They have been waiting and will be waiting for a very long time. The general perception of this company is beginning to change for the better as most of us here have anticipated. Our contention is that Franklin Lake is a very rare ore body; perhaps unique in the world containing several billion tons of high grade precious metal ore. Geologically recent, the upthrust of Eagle Mountain in the middle of the Amarogosa Valley between the Miragosa Range and the Resting Spring Range blocked normal sedimentary flow and created a huge deposit in the process. The gold in the oceans came from valleys all over the world. Except ours. Franklin Lake hoarded most of it and it's still there today. Naxos has been able consistently to raise cash on demand and attract very talented people to its cause. The fundamentals for the company continue to improve and the recent addition of Mr. John Goth to our board of directors indicates that our trend of attracting competent individuals continues. Naxos has withstood, even emerging stronger from, a series of difficult and dangerous situations; not the least of which was the Bre-X disaster. Because we have so long been under the gun our survival instincts are honed and toned. We are not expecting to go down in any defeat. Again, welcome, Mr. Metals. I for one would like to hear of your adventures and experiences from Bre-X on forward. I feel confident you will have many contributions to make here on our thread. Jerard P