Maxam Gold Corp. OBB:MXAM Message Board

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

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To: Tim Hall who wrote (5906)	10/6/1998 10:47:00 PM
From: Richard Mazzarella	Read Replies (1) of 11603

Tim, <<Where can we find these assays posted?>> You can find some on the webpage, the large number is from telephone conversation. <<This means that all of their acres of claims might amount to very few acres with actual values.>> Could be, but Runyon says they don't hold any property that they can't mine economically. Why pay the claim fees if there is nothing there? The last reserve estimate (06/04/98) at Peoria suggests ~67% can be mined. <<Who was the consultant? It is my understanding that this consultant must do large tests for other clients. Why do they need air quality permits for experimental leach tests?>> I think it's Cimetta Engineering. Seems that Maxam knew they required permits after all the sensitivity training the counties provided. <VBG> <<This company claimed that they could do any thing they wanted on five acres.>> I thought we went through this before. Maxam was operating on what they believe the laws at the time. The BLM changed their rules and the local BLM office misinterpreted the rules. Maxam is working closely with the BLM to avoid further misunderstandings. <<sometimes you really disappoint me>> Sorry Tim, I'm an investor, not an insider.

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