Doug, nivce that Char was the big buyer at 6ish I heard as he posted. Smart guy with a planaheadfuture.:
OTC BB: MXAM
Maxam Gold's 6+ million ounces of gold equivalent resource is currently valued by the markets at less than 70 cents per ounce!!
CORPORATE BACKGROUND
Maxam Gold Corporation was formed on August 7, 1974. In 1987, the present management team acquired the company, and in 1995, the name was changed to Maxam Gold Corp.
Management owns 11% of the outstanding stock. A further 34% is owned by Phoenix International Mining, Inc., a private entity controlled by a Maxam
officer.
Maxam has set aside 56 of its unpatented mining claims for 10 mine sites targeted for production by December 2006. All Maxam claims (8,960 acres) are on lands administered by the United States Bureau of Land Management in southwest Arizona.
Maxam's core assets, the Peoria 7 and Peoria South elluvial gold projects, host a gold-equivalent resource of over six million ounces. The ore reserves have been calculated by traditional industry practices, and are based on thousands of fire assays (performed by registered labs, including: Activation Labs, Skyline, XRAL, Jacobs Assay Office and Ledoux & Company) from extensive drilling, trenching and bulk sampling of the deposits.
Maxam Gold is in the final design and engineering stages for this project, and anticipates initial production from Peoria 7 within 18 months, pending funding
CORPORATE FINANCIALS
Shares Authorized: 100,000,000 52-week high: US$0.80
Shares Issued: Approximately 53,000,000 52-week low: US$0.065
Public Float: Approximately 20,000,000 Current bid/ask: US$0.065 -
US$0.09
A TEAM OF WORLD-CLASS CONSULTANTS
FROM :
maxamgold.com
Info for new arrivals who may com buy.
Chuca |
