Maxam Gold Corp. OBB:MXAM Message Board

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

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To: Mr Metals who wrote (4378)	5/18/1998 12:19:00 PM
From: Bruce McGaughey	Read Replies (1) of 11603

Nobody knows about it. It's a BB stock. People will know about it, though, when it starts spitting out cash. This is a revolution. In the 70s, Battle Mountain went into Nevada and started using heap leaching. You pile a bunch of dirt together and sprinkle cyanide over it for 1-3 months and scoop up the gold. BMG went big-time with that. The Hewlett-Maxam process does that except that there is no cyanide and the leach process is cut down to 30 minutes and not 1-3 months. IPM's problem and apparently MXAM's too is that other minerals interfere with standard fire assay procedures. Bankers don't like to lend money if your dirt can't be fire assayed. BUT...COC Recovery numbers sure go a long way in my book toward proving economical viability. Particularly, when it's platinum you're talking about and Stillwater is the only North American platinum mine. Don't you think one of the majors would like to acquire a company with this kind of technology....and 70,000 acres to feed it ??

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