Micro-Fine Gold Plays - Franklin Lake, etc. Message Board

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Gold/Mining/Energy : Micro-Fine Gold Plays - Franklin Lake, etc.

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To: Grant Baker who wrote (97)	12/9/1996 1:01:00 PM
From: C L	of 615

Another of these 'desert mineral' public companies is 'MAXAM Gold' Nasdaq BB (MXAM). They have been quiet for quite awhile and just released news on Dec 6th. Their 640 acre 'Peoria Seven' property contains proven tonnage of 57,781,000 tons at .05 Au and probable tonnage of 15,555,000 tons of .06 Au. Proven and probable 3,822,556 troy ounces of Au. They estimate their costs of recovery at $143.90 U S/Oz. The assay results were provided by 4 labs - one of which is XRAL Labs in Toronto. Now (any body)tell me that all these little companies are scams. More later. C L

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