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 (6025)	10/12/1998 8:06:00 AM
From: Richard Mazzarella	Read Replies (1) of 11603

Rand, <<run it through the pilot plant and report the results>> Haven't we been through this before? At this time there is no pilot plant that can run 600 lb tests. There isn't the funding to finish the plant at Peoria. Success with the COC reserve audit will bring that funding to finish the plant ($4.5MM). However, small batch (20lb) recovery testing is still being conducted that may even be more relevant than large bulk for Maxam's recovery system. Of course I would also like to see large bulk results, an operating plant at Peoria, and MXAM at $3, but that won't happen today.

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