maxamgold.com
Thanks for letting us know, Clark. A good, clean, non-hyped status report from Maxam of where we are, IMO. I especially like the bulk tests they've performed, which lends confidence to the notion that the recovery process will scale up. This had been my major concern about the recovery process...it's one thing to undertake a chemical reaction in a test tube, and quite another to repeat the same on a multi-ton scale.
Also, Maxam has some 131 sq. miles of properties now, so they've added 17 sq. miles since May. Good for them...if DD mining comes to pass, the first and most important thing in the world is to grab as much fertile land as you can. After that, you can keep all your options open (e.g. develop it yourself, JV with a major, set up royalty deals a la Franco Nevada, whatever).
On the downside, we're gonna see 200,00 shares dumped on the market. It probably won't be sold in one shot, of course, but 200K is 200K, nonetheless. I greatly appreciate Dale letting us all know in advance.
Rand |
