Maxam Gold Corp. OBB:MXAM Message Board

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

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To: go4it who wrote (5163)	8/6/1998 1:57:00 PM
From: Richard Mazzarella	Read Replies (1) of 11603

Charles, <<Coggins than I am>> Guess I can't trust anyone. <VBG> I learned a few more interesting things that we could have probably doped out with our own speculation. A couple of years ago, people thought that the desert sands were homogenous in precious metals. As more evidence comes in from Maxam exploration, the company is learning that the metals vary from high to low concentration. The magnetic survey map on the Maxam webpage gives some insight. The other thing being learned is that where the gold is high, the PGMs are low, and vice versa. I suspect that mining the desert sands will be much like conventional hard rock mining where the miners follow paths of highest mineralization. The nice thing about the desert sands is that the company doesn't have to crush hard rock, but can get a mineralization concentration of 4 with simple screening. That has to be much lower cost than milling everything dug. I'm having a hard enough time keeping the stock price at $0.15, however the concept of $5 is nice, we will see that in time. I wonder if the members of my road show are putting their money where their mouth is. I would love to know that they are shorting while I get longer, just love it.

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