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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (8633)	6/22/1999 8:41:00 AM
From: Chuca Marsh	Respond to of 11603

Spec...no..no need to speculate, ha! <<..the Peoria South property is indeed richer than Peoria Seven. Looks like they now even have preliminary paleo-channel correlation with drilling at the Peoria South property. Can we now speculatively say 12+MM oz equivalent for both properties? <VBG>..>> SPEC #1- If say in economies of scale they were to combine P-7 with P-South being that they are right smack next to eachother...wouldn't - I speculate and ask, they HAVE TO DETERMINE what percentage of reserve each has in realationship to the other...so that any OUTPUT percentages could be assigned to both entities for any and all math functions? Say the 2 to 1 holds and that there are 3 fold more Blues ( Hot Areas ) in SOUTH than in North ( P-7) ...BINGO? Maybe CRAPS. Just maybe that is the tie together that is needed, with each plot being 640 acres ....my Decimal Jar is now needed to be taken.... off the shelf! LOL! ACRES 1,280 divided by 6 to finds sixths...2 sixths to P-7 and 4/6ths to P-South-...interpolate Hewletts Reserves...and BINGO. Chucka