SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paunch who wrote (8544)5/29/1999 12:31:00 PM
From: Richard Mazzarella  Read Replies (1) of 11603
 
Paunch, <<correction on the Chairman's message>> I really don't think there is anything to correct. Maxam was working to do a stepwise resource determination for conventional funding. That's the history that Dale was reporting. While that work was underway, they totally independently secured the 30MM JV commitment from a overseas source. The JV consists of sales to the funding source at a minimal discount. Maxam will still make lots of money for itself even with the JV discount. I don't know who is the JV, but the commitment was made solely based on Hewletts reports and previous resource determinations. Much of the Southwest copper reserves were determined by Hewlett, he's a very respected and accomplished consultant for resource determinations.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News