MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP? Message Board

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Gold/Mining/Energy : MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP?

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To: Merle Goertz who wrote (3)	11/23/1996 2:00:00 PM
From: Jim Ilchyshn	of 751

Merle, I had a talk with Mr. Godwin and found him to be a very congenial gentleman who gave7 the highest effort to answering all of my questions. Off the record he gave me an estimated value of 25-$26 per tonne of ore in Gold, silver and copper with copper being the major component. He said the cost of production per tonne would be $6-$8. I absently did not ask for a clarification of the $25 being an after cost number. Doing some quick calculations, you could put the value of MXR's share of the Mina Claudia property at 200,000,000 tonnes * $20 /tonne (conservative value of ore) * 20% = 800,000,000 / 10,000,000 (# of shares once debt is paid?) = $8.00 /share. That's my calculation, feel free to make any corrections. Also take into the fact that this is only 1/4 of the property!!! THIS STOCK IS EXTREMELY UNDERVALUED!!! One advantage of this stock over it's sister partner NPEC in the Mina Claudia property in my opinion is the it is on the VSE and you don't get the manipulation that you find on the dealer exchanges which I cringe at. This stock should be an exciting play as we enter '97. BUY LOW! BUY NOW! All the best, Jim. P.S. - I picked up 25K shares on Friday @.20 and it closed at .19. I will be agressively buying at lower prices.

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