<<..the 73 square miles...>> I think of Maxam as TEN ( Decimal ) times that size. One square mile is 640 acres ( 5,280 feet by same). There largest claim is 213 claims each claim about 640 acres so one quarter is 25% of 213 - Voila, 60ish Square Miles. Just in the Big Valley. RM, hope yourdecimals are off. There are 456 total claims @ 160 acres each that is ...115 Sq Miles by my figures, unless you know something we do not.
Chuca
PS- Your investment just grew by 33% and a third percent, no problem gang. Wish I could do it to the stock price!
PPS- JV, I will go re read, anyone else see the typo on the MONEY Phrasing! <<..Let me assure the shareholders,
and the public, that this is an accurate assessment...>>Gots to be a not or a IN in the word phrases with the CONTEX of the initial Adverb..thoughts? Assuredly not stressed to us shareholdrers- So what else is new! We knew they were tight, or is this asking for help and JV folks to notice them? Maybe a reverse logic that may pay us off? Maybe, just thread speculation. Watch someone buy next to us claimers now! Ha.Sorry to joke on the utter absurdity of talking typos, but if they PROOVE to us then this talk is no thing but a bad dream.
Scrape:
<<..
(Operating)
Speculation has been addressed by several Maxam Gold Corporation watchers
that funds for operations may be a limiting factor. Let me assure the shareholders,
and the public, that this is an accurate assessment. As announced at the Annual
General Meeting of Shareholders, Maxam's relied upon funding source failed to
materialize causing a shortage of needed capital for continuing to proceed at the
targeted pace announced. It was also announced that other sources of funding for
operations were being explored and they continue to be explored today.
(Funding)
We are informed that there are foreign financial resources available for good mining
projects. A financial consultant with whom we have spoken has provided three
references where financial funding has been achieved within the past eighteen
months for mining projects.
Banking companies and other financial sources require a "Mine Reserve Audit" and
a "Bankable Feasibility Study". These documents will require a commitment of
approximately $ 500,000 and nine months to complete. The total funding request
will be in the range of $ 20 million to $ 30 million, as determined by the ore body
audit and the feasibility study.
(Joint Venture Considerations)
Maxam management, after months of analyzing positive and negative effects to the
company, has made the decision to consider opportunities of entering into
discussions with financially viable companies who may have interest and expertise
in areas of mining and milling that would benefit Maxam and its quest for full and
profitable production. Maxam would retain rights to manage and control the
leaching phase of operations. Although too early to determine levels of interest any
company(s) may have, this decision provides Maxam management the ability to
negotiate with interested companies.
Technical References on Web Site
Shareholders who are knowledgeable with mining technology have requested
copies of some of the detailed geological and geochemical findings on the analyzed
properties. As a result, Maxam has posted two additional areas on the Maxam
Web Site labeled-"Area Geology", and -"Area Geo-Chemistry". Other additions
will be posted over several weeks commencing August 24...>>
PPPS- Month ago PT talk:
<<..Here is a rock that has almost economic gold in it from a mile or so from Maxam Property. There was sand all around it. Did the sand come from the rock? Breakdown and decomposition.
auctionbuy.com
Then, Chuck posts this on Platinum..good readings...
auctionbuy.com
..>>
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