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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Paunch who wrote (5576)9/2/1998 1:32:00 PM
From: Richard Mazzarella  Read Replies (1) of 11603
 
Paunch, <<this mine was a vein>> I think that we will all be pleased with the technology Maxam will be using to follow the equivalent of veins in hard rock, paleo-channels in the desert sands. We should see the past average numbers of 0.05 OPT change to much higher values as the company maps and follows the paleo-channels ("veins"). This will lower the costs for the bankable resource over conventional pattern drilling. Higher OPT also means much more metal can eventually be mined for a given capital expenditure.
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