SI
SI
discoversearch

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: ShoppinTheNet who wrote (14258)7/14/1998 9:47:00 PM
From: james m. schultz  Read Replies (1) | Respond to of 20681
 
I have been reading this thread for well over a year now. How is it that NAXOS announces in Dec. that in March/April equipment would be at the FL site for a pilot recovery. Can someone respond to me and tell me why they have not done that. They had the equipment, time, and money. Wouldn't this have proven the existence of gold? Period.
Then the issue would have been cost of recovery. Again, I have appreciated Mark, Henry, SK, Kim B, and many others who have given me insight (and laughs). What am I missing?

jim



To: ShoppinTheNet who wrote (14258)7/14/1998 11:06:00 PM
From: jbIII  Read Replies (1) | Respond to of 20681
 
SK,
Well there has been quite a good bit of interesting reading here the last few weeks. Point-Counterpoint, parre-thrust, camp1- camp2 if you will. I was guilty of some of the idle chit-chat before this latest round of discussion, but imo that's a big part of what SI is all about. Communicating with people you don't really know, getting their opinions, forming bonds of trust or distrust as the case may be.

In any case, the big question Recovery or Resource? For what it's worth, I think those that would prove a Recovery process first are putting the cart before the horse. Does it really matter if J/L can get 1,2 3 opt if there is only 100 tons to process? On the other hand if they continue to prove up a respectable amount with SFA, delineate the resource to depth and throughout the FL playa, then they will have something to sell. It seems to me that there are many variations on the recovery theme that may be available, if it's J/L great, but none work on no gold.

SK you really hit the nail on the head when you said "Their fear is that they are wasting valuable time" . Everyone has a different time horizon for what this investment means to them. Many have been involved a lot longer than me , some 10yrs maybe more, and you really can't blame them for wanting a return on their investment. Of course I would love to see Naxof go through the roof tomorrow, who wouldn't? I just don't want to see it crash and burn or dry up in a desert without giving it the most practical shot.

Thanks everyone for all your posts, they are educating and entertaining.

Best regards,
jb3

ps sorry for all the really bad cliches

pps ThePJ, since you like to take credit for previous posts , I thought I would too, please see #reply-5003070.