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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Chuca Marsh who wrote (7977)4/15/1999 9:14:00 PM
From: Ed Devlin  Read Replies (3) of 11603
 
Doesn't that pesky Ir figure to be worth something? As I recall, it is selling for about $800/oz. So .016 oz/ton comes out to nearly $13 for each ton of head ore. Am I missing something here (a likely scenario)?

I like these numbers too (although appreciating Richard's wistful thought). Who would want to short a stock that has a mere 100% margin of profit?

Regards,

Ed D.

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