Maxam Gold Corp. OBB:MXAM Message Board

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

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To: GlobalMarine who wrote (5495)	8/28/1998 8:17:00 AM
From: Richard Mazzarella	Read Replies (2) of 11603

Rand, the near term money required for production based on the AGM is $4.5MM to finish Peoria and $5MM for the Custom Milling. I suspect that when they get that done operational money will be readily available to expand and grow mining on the other properties. It would be very foolish for Maxam to give up any properties they already have claims on since they may be the collateral or leverage to fund future operations. Runyon told me that he doesn't hold any property that he believes can't be mined. I suspect that definition is an ore body with an average 0.05 OPT or greater. Runyon said on the AGM tape that he expects to begin geochemical and geophysical work on some of the other properties soon. Anybody that doesn't understand the geochemical and geophysical comments should see those explained in the technical section on the Maxam webpage in the future, the titles are already listed there. I saw the AGM tape where those technologies were presented. Basically, it's a low cost way to map desert dirt precious metal deposits with minimal high cost drilling, an amazing new mining technology.

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