Maxam Gold Corp. OBB:MXAM Message Board

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

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To: d:oug who wrote (6699)	11/28/1998 11:43:00 PM
From: Richard Mazzarella	Read Replies (2) of 11603

Doug, some of the company critics would have us believe that Maxam just fell off the turnip truck. To date they have: over 1100 fire assays for gold and silver. over 13000 geochemical Assays. over 170 neutron activation tests. over 100 leach tests. Management head ore mining objectives: 06/99 1,000 ton/day 12/99 10,000 ton/day 12/00 20,000 ton/day 12/01 30,000 ton/day Profits (head ore): $35/ton on Peoria Seven $50/ton on Peoria South Therefore by 12/99 @ 10,000 ton/day = $84MM annual operating profits with a projected mine life of 50 years. This is just from a fraction of Maxam's land holdings. If this little exercise doesn't get one just a little juiced, they're dead IMO.

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