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

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To: Paunch who wrote (6150)10/17/1998 8:00:00 AM
From: Chuca Marsh  Read Replies (1) of 11603
 
It's the high grade ( or grading ) ORE. That is all it is. I asked Dale recently about the old Mining Formula for a Majic Number using that famous 0.03 OPT. He said that we must remember that that number was based on the Hard CN ( Cynanide ) extraction ways of old rock miners. With proper testing and documentation that number should come in less than double with the NEWTECH. So, if I see a bunch of 0.05 and .06 majic SFA numbers on the Website Info of Old...I also see- lots of 0.08 and 0.9 and even so more than just important...0.10-ish something and 0.20 something. ( Rembember) That last year we saw lots of 0.05 to 0.09 OPT AU with the Bateman and Behre Dohlbere Reports and thus, we do have other companies' REASON to be hopefull for the Augmentation to get to a cost -production Margin about that say, doable treshhold to that PROFIT MAJIC number ( for Gold Only) Now, throw in ONE opt Silver and whatever on OPT for elements or Rare Earths and wait a min folks, add in...PGMs other Famous Elements. Damit folks, we have a PROFITABLE MINE! Why is it that this threshold ogf breakthru can NOT be seen by all. Beauty is in the Eye of the Beholder. I see numbers from PD and PT too. Hence:
Chucaupt2
and big Silver Numbers for a bonus! High Grade Ore- that's our Short Stop, Abbott! Paleo Channels; Costello- "That's the Entire Ballgame!" "It's the High Grade Ore, STUPID!"
P.S.- When did I have that conversation with Dale- " After Closing Time of 5:00 PM ( yesterday )his time when I called on a thing"- everyone had gone- and HE ANSWERED THE PHONE! This place as I understand it was his HOME years ago and converted to an office building and he moved elsewhere. The Day befor yesterday, I was commenting on the duties of a busy COB, and he quipe back..and " a Janitor, I just did...!" You see us Real Estate Guys can appreciate the hard work needed to make this "Old House Function Properly!" Would you want him to have paid 15,000 a month plus ( as that PHX company did that just moved into the Warehouse)in lease payments last year in the glory days of the run up of the other stocks in the desert? No..No way. Economies of scale, another example!
P.P.S.- And we will not be using CN or industrial Grade Cleaners, HIGHTECH - NEWTECH ..salts and Bleaches, I can only suspect!
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