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

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To: GlobalMarine who wrote (5420)8/23/1998 7:02:00 PM
From: Richard Mazzarella  Read Replies (1) of 11603
 
Rand, <<A phone call>> Yes. <<Kilborn>> Yes. <<you don't have to perform experiments>> The company is looking for the largest reserve area (highest OPT) to minimize the cost for the bankable mine audit. A minimal number of drill holes will be required in an area with high OPT over lower OPT. Maxam will be able to show a bankable audit for 1/10 the cost compared to just a random drilling program on Peoria and do so in a shorter period of time. The bankable area has to have enough reserves for large scale mining that will last at least 9 years. I'm sure a phone call wouldn't hurt your understanding either. Bitter whining isn't accomplishing anything. Please tell me when you sell.
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