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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: go4it who wrote (6016)10/11/1998 12:43:00 PM
From: Richard Mazzarella  Read Replies (2) of 11603
 
Charles, sorry for my overreaction to your post. <<about a consultant being layed-off>> I don't know the situation of any specific consultant. Kilborn will be involved in the mine development as previously announced. <<I am EXTREMELY cash poor at the moment>> That's also Maxam's current condition, Runyon told us that in the last Chairman's message. They need to complete the COC audited resource before any major funding will occur. That resource demonstration blessed by the BLM will also show our critics like WL the gold. There is other funding activity that could support continued operations as needed, but the real game here is major funding to complete a mine. While the shotgun approach of the past must be curtailed (Custom Milling, large bulk recovery tests, redundant facilities, etc.) because of limited funding, rest assured that progress is still being made.
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