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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: W.F. Schwertley who wrote (5248)8/14/1998 10:42:00 AM
From: GlobalMarine  Read Replies (1) of 11603
 
WF: One thing seems certain and that is the news isn't going to help the stock price much. Runyon already has already had leach (not pilot plant) results for a week now, and we don't have any pilot plant results at all.

Also remember that IPM reported 0.25 oz/ton from their testing with no apparent loss from scaleup...until BD and Bateman said the process won't work. So even if Maxam's pilot plant testing shows nice numbers, people may not believe them.

Rand
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