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

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To: Richard Mazzarella who wrote (7964)4/15/1999 3:44:00 PM
From: Richard Mazzarella  Read Replies (1) of 11603
 
I must admit to mixed feelings here. I had hoped to see some killer gold numbers, especially from hole 3. Those nasty PGMs. Nice to see that even with the low gold that the observed metals are economic. Another positive is that it may be easier for Runyon to get a JV on PGMs than gold, from conversations I have had with him in the past. I'm also aware that Maxam is working to bring an income producing division into Maxam as the source of resource development funding, much like the MGAU model with their marble. Notice that Maxam is the only "dirt" to show expected mining costs, a reassuring positive IMO. PGMs seemed to ball up the COC results from last year as I remember. There are still 8 holes to go.
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