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: Richard Mazzarella who wrote (12928)	5/16/1998 6:12:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 20681

Richard, I know desert dirt is a term of endearment in your dictionary and didn't take it any other way. I respect your interest in the group. I was just explaining why I view the Naxos situation as being different. I don't know about Maxam or IPM so I can't comment. You state the a high cost extraction method is what it will take for Naxos. What do you base that opinion on? The question of cost of extraction is still an open issue but I suspect Franklin Lake will have a lower cost of extraction than you suspect. They are getting results with standard fire assay which indicates it could be mined with conventional techniques. From what I have heard so far it does not appear that there is a big problem with interfering elements, nothing really difficult. Indications are good that the material is an oxide not a sulfide which would help, although this still needs to be confirmed. In addition there are additional metals such as the platinum group. Henry