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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Larry Brubaker who wrote (3184)11/29/1997 4:01:00 PM
From: GlobalMarine  Read Replies (1) of 11603
 
I also sold IPM. Given that Maxam had drilled, fire-assayed, calculated p and p reserves and was preparing to go into production, how could IPM, with only a fire assay method, have even Maxam's $30+ million fully-diluted market cap. At $3, IPM's market cap was a whopping $60 million. I sold.
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