Maxam Gold Corp. OBB:MXAM Message Board

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

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To: Pullin-GS who wrote (3)	1/10/1997 3:00:00 PM
From: Richard Mazzarella	of 11603

Paul, I just bought MXAM as a cheap IPMCF proxy. I have a hunch that the dirt's the same. I also have a gut feeling that the assay could be improved (like IPMCF found (6-10X)) in time. I believe even at this low assay (0.05 OPT) the stock value to be ~$10. I don't have an investor package yet so I am just going blind. I sold all my shares a couple of weeks ago because of the delay in receiving the package and the weird market the MM makes for the stock. However, I bought them all back a couple of days ago higher than I sold them. Right now I am as dumb about this company as a box of rocks, but I like getting ahead of the curve in investing when things are cheap. These announcements tell me that there is very little downside and the price is much less than most calls I usually buy. I can't recommend MXAM yet. I hope CL Miltimore will post here because he has technical knowledge about what they are doing. Someday after I get the investor package, I can comment more intelligently, sorry. I started the thread to learn from others.

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