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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Richard Mazzarella who wrote (4312)5/12/1998 9:18:00 AM
From: GlobalMarine  Read Replies (1) of 11603
 
Richard: I myself am far more interested in the regular 0.05 ore than the hot spots because while the latter helps maximize initial cash flow, bulk tonnage is what will sustain the mine on a long-term basis. I was concerned that all the focus on hot spots in press releases over the past few months may have meant that the 0.05 ore was no longer economic for Maxam to mine; I asked Dale about this and he said the recovery process will be economic on the 0.05 ore (i.e. nothing has changed here).
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