<Speaking for MAXAM>
<Screw up in instrumentation>...whom are you talking about, RDi procedures, Cimetta 30lb submission or Cooley/Hewlett selection of material to be sent to RDi? Cimetta's testing of the initial 600lbs of the 8,000lbs on site showed no values..It was tested before it went to RDi....
The consultants you are referring to on site at Cimetta could only have been MAXAM employees who actually were there supervising Cimetta employees in the use of MAXAM/Hewlett secret potions....
<Anybody that followed followed this company for any time knew there was something wrong with that report( RDI COC assay )>
Not you buddy, you and Marsh jumped on it, predicting higher stock values, Chuca was even predicting at $3.00 per share just days after the AGM...Funny you should even bring this up since you were pretty firm in your convictions that fire assays were too conventional for todays DD's and they have a tendency to lose values during the assay process, frankly you didn't know what you were talking about..If Runyon told you this he was jiving you also...You consistantly spoke of Hewlett's patented process and secret leaching solutions that reduce the ore in 3 to 5 minutes....not realistic...yet you went on and on about mining techniques and procedures that you believed to be hi-tech stuff....
<Next problem was ore taken from bulk assay>< worst areas of metal concentration on the whole property>...Do you admit then that everything MAXAM/Runyon/Hewlett have stated over the last year has been a lie....Hewletts 1,000 assays...hundred of leach tests, 500 million dollars in proven reserves and millions more in probable reserves....Drilling at down to 99 feet etc...with values recovered at
such and such depths......were has all the hard work gone?.Why would the COC material be taken from the worst part of the claims?...It is inconceivealbe that you would pass on such b/s when the COC is the very issue that could make or break any outside financing...Don't tell me that someone from Cimetta came out to the Peoria 7 mine and just took out 8,000 lbs of material from a known unproductive part of the mine.. Friend, if Runyon told you this he is in the wrong business and so are you for trying to pass it on...By the way, Electron-microprobe not used to assay material, helps, but fire is the only way to show the ore is legally there.
<You can go from high metal concentrations to nothing in just few feet> True statement...how is it now that this wonderful mine which up until now was homogenous and all material was just laying all over the place, has now been found concentrated in Paleo-channels....How in the hell could Hewlett have made these fantastic proven ore reserves and probable estimates if he didn't know where the ore bodies were.? I figure he based this information on superior skill and knowledge and the proof of 1,000 fire assays , 15,000 soil samples, hundreds of leach tests, Geo-physics testing with a Magnetometer etc...WHAT THE HELL HAPPENED TO THIS DATA?
<I speculate that was some of IPM problems not being able to show good assays>..What do you need for you to see the light..a brick?...Same issue IPM had good assays to start , the only reason they couldn't do the COC is that nothing showed up..The ore is not the problem,there isn't any, people are the problem...
<At Cimetta the consultant doing the testing wasn't going to get the required air quality permit>...This is little hard to understand in that the consultants on hand at Cimetta were MAXAM employees...now why would one of Runyons boys not pay for Cimetta to get a permit...
TELL YOU WHY.......NO PERMIT WAS EVER NEEDED BY CIMETTA....THEY NOR ANYONE FROM MAXAM EVER PUT IN A REQUEST FOR A AIR QUALITY PERMIT...
CIMETTA'S OPERATION WAS TOO SMALL TO EVEN REQUIRE PERMITTING..
If you are repeating just repeating Runyon on this issue just call the Pima County office in Tucson and ask the right questions...give it a shot...
<No more testing will be done there>...Hell I don't wonder why, Cimetta probably all shook up over the issues by now.
If Cimetta was going to be the COC facility as MAXAM has led everyone to believe...what is it that put this company in the loop to do chain of custody testing..if they didn't have the facilities up front and their people needed to be trained...why would any financial lending institution pass out money to MAXAM based on a company with no prior
history of doing COC's....
MAXAM has not yet said what happened to Kilborn....Nicols left the company sometime after May, was this a coincidence?
Please stop playing around with the investors by telling them to refer to the MAXAM Technical WEB site. This information is a couple of years old by now...Are you just getting to read it?...Are the values still good, are the estimates of ore reserves any good? How the hell could this stuff be relevant if nothing has happened?
People gotta do what is best for them I guess but you and Chuca have been jerking people around for a long time....it's time to tell the truth and get off telling people what a good deal DD's are..
Just for the record..You and Chuca keep slinging it and you will soon have no one to post too....how low on the chart will MAXAM go before they produce their first ounce of gold?
WL
You got the football Mazzarella...take a tip, stay out of the gold
mines in the desert, Chuca too..
Hope this helps....
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