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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM

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To: Rosie'sPaw who wrote (5348)8/18/1998 7:50:00 PM
From: Richard Mazzarella   of 11603
 
Clark, <<Dale has had his dancing shoes on for months now>> Seems so. I suspect that the funding issues have changed schedule and scope. The large bulk testing work is on hold. While it would be nice to have three homeruns, it should only take one to get the funding necessary to realize the important issue for shareholders, mining. Sometimes things seem to go to hell all at once, I think we have been seeing some of that lately. However things are not as bad as they seem IMO. Maxam technology continues to improve. Did you notice the Scanning Electron Microprobe reference in the last PR? That will quickly allow Maxam to internally identify and determine metals content from the assay bead directly. That's an enormous improvement in efficiency. Sometimes a tight budget can bring increased productivity by forcing workers to work smarter. In all the time I worked in R&D, funding limitations never killed creativity or success were there was sound fundamentals and science.
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