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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Char who wrote (8511)5/25/1999 4:31:00 PM
From: Richard Mazzarella  Read Replies (2) of 11603
 
Char, something I forgot to mention was that Maxam Custom Milling is on private property, the permitting should be quicker and easier than the public lands of Peoria. That location will provide Maxam's production department a developmental laboratory off the Peoria site. Ore for process testing will be trucked to Custom Milling for process experimentation. I don't remember where the economic analysis for the Custom Milling was posted, but as I recall it should be quite a business in itself to invest in. Dale says there is considerable interest from many small companies wanting to employ such a facility. We have all seen the problems of the dirts getting started, it would have been very nice if Maxam had such a facility to prove recovery process of metals from its ores early on. Our stock price would much higher with that proof, maybe even Rand's tin hat would melt. <VBG>
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