To: mark silvers who wrote (14296 ) 7/16/1998 1:50:00 AM From: sh Respond to
Mark, I'm a bit confused here. I have not been following what you state is the infighting going on within management. However, if that is the cause of the stock decline, I for one have little problem with that. So long as the property contains PM's in economic quantities, which we all have been banking on, the company and the stock will IMO weather the current problems. It may make you queasy because you are uncomfortable with one "camp" versus another. I have not been closely following the new management conflicts we are apparently having. I do understand from what I read on this thread that some people want a primary concentration on SFA, while keeping the Johnson process going but at a far and discrete distance. Others, including myself, would like the company to continue pursuing SFA but also to actively pursue the Johnson method at the same time. I believe others, and that's where your main concern probably lies, want the Johnson method to be the company's primary concentration. I believe it would be a grave mistake to go either the first or third routes. The danger with the first is that we may end up losing Johnson and his method and that would be very troublesome given the complexity of the Franklin Lake property. We have seen the difficulties in the past in using SFA to extract the PM's from the property. The testing per the Johnson process showed very positive signs of improving the extraction process. We need to pursue both and probably with equal vigor. I think this is unavoidable given the nature of the Franklin Lake property.
