Maxam Gold Corp. OBB:MXAM Message Board

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

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To: Larry Brubaker who wrote (4370)	5/18/1998 7:19:00 AM
From: Richard Mazzarella	Read Replies (4) of 11603

Larry, good call using the stock price as a progress proxy. It will be interesting on how the market reads the COC, I find what I am hearing very confusing. Seems that there was more to the apparent lack of focus on building the small milling facility than advancing the mine at Peoria Seven. Maxam will have a developmental lab and mill/mine to do experiments. What gnaws at my gut is that I see flashbacks of similar activity at IPM. Others are now coming in to save the day, some future day of course. We are now faced with conundrums. Are low magnetic survey areas hot spots for PGM?. Are high magnetic survey areas poor in PGMs? The only thing at this point that seems consistent at Maxam is the 0.05 OPT Au, thank God for small favors.

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