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Gold/Mining/Energy : MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP?

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To: J. Nelson who wrote (243)3/29/1997 11:11:00 AM
From: Tom McIlwain   of 751
 
J Nelson:

I am not a member of the mining community at all, just a member of the mining (VSE) investment community! Ans strictly as an amateur, I'm no protrader or anything like that.

My main concern with this one (MRX) is that they still seem to need to raise additional financing and after this Bre-X fiasco,(which looks worse and worse with every new report), it might be difficult for anyone to raise much capital for a while. Of course, I don't know what may already be in the works.

As for the prospects for proving up the property, I doubt I have more insight into this than you do. I will not even try to pretend to give you an answer.

Russel Goodwin IS a member of the mining community and he has acquired a 10%+ position in this company. Those are the kind of clues that I try to look for to make up for my own lack of geology background.

Hope I have set the record straight on where my credibility lies.

Tom McIlwain
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