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

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To: Paunch who wrote (8503)	5/25/1999 10:34:00 AM
From: Char	Read Replies (2) of 11603

Paunch, it looks like Dale provided some clarification on the time table for Peoria 7. He says Peoria 7 will be processing 1000 TPD 18 months after they get the financing. That should be around Jan 2001. He then added that Peoria 7 will be increased to 10,000 TPD within an additional 12 months. I guess that means that we won't hit full scale production until around Jan 2002. Doesn't the 18 months before startup seems like a long time? I'm not sure what they have to do that will take that long. Char

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