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 (17080)	12/3/1998 3:52:00 PM
From: mark silvers	Read Replies (1) \| Respond to of 20681

Tom <<Hey, it's OK to dream ya know! After all, we are heading into the season of miracles) Okay, lets say we get .25 opt and there are xxxx tons of ore at FL....... OOps, sorry must have had a flashback:-) Mark

To: Tom Frederick who wrote (17080)	12/3/1998 9:46:00 PM
From: GlobalMarine	Respond to of 20681

<<What I really want to see is Naxos moving on to recovery on COC ore. That is what the industry will need to see in order to remove the "dark cloud" as you point out. Recovery leaves much less to question. And if they can come up with a recovery process that works on bulk, and they can get bulk sampling running, then all doubt will be removed and this will be on its way. >> I agree totally that recovery is the key. As proof positive that recovery is what counts to investors, when Maxam Gold was supposed to be readying for production, the stock price moved up. But when its first and only pilot plant recovery test failed and the company shelved the pilot plant, the stock price collapsed to about a nickel a share. Of course, the same story with Naxos, where the promise of JL got the stock moving up to $10 a share, then collapsing when JL didn't pan out.