Paunch, funding is the main reason that progress at Maxam has slowed. I have expectations as follows:
1. November, COC drill the 10 holes as shown in the paleo-channel map.
2. Late December, January, Maxam reports the results of COC, proves paleo-channel mapping.
3. February, Maxam reports recovery test results from COC drilling.
4. March, Maxam receives interim funding to drill the 200 acre COC.
5. April, May, Mine resource/bankable audit COC drill program for 200 acres begins.
6. May, Status of BRX known.
7. July, August, Results of bankable audit reported, BLM approved and permitted.
8. September, major funding received to construct mine, Kilbore contracted for project.
9. February, March 2000, mining begins.
During this time period I would also expect lots of press releases on assays and recovery testing. It would also be nice to begin paleo-channel testing of some of the other Maxam properties. Of course funding that may come in sooner moves everything up IMO. Any thoughts about such a schedule? |
