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

To: GlobalMarine who wrote (3112)	11/24/1997 6:08:00 PM
From: GlobalMarine	Respond to of 11603

To All: Sybron Chemicals' Ion Exchange Web Site: sybronchemicals.com The ion-exchange expert himself, Frank McGarvey, has written one of the articles that appear at this web site. Sybron's SR3 ion-exchange resin had been mentioned to me by Runyon and Hewlett before, so it's possible this is the resin that will be used for recovery of precious metals. But only McGarvey will know for sure.

To: GlobalMarine who wrote (3112)	11/25/1997 2:35:00 AM
From: Larry Brubaker	Respond to of 11603

"You got a steal of a deal at $0.56." Rand, as a Maxam shareholder for many months (but not currently), I have to agree that today's news seems to be very good. But in reflecting on the current share price, I have to say that it all comes down to a matter of trust. Trust that Maxam's black box process will work when IPM's didn't. Trust that Runyon didn't take his $500,000 payment from IPM, his 1 million IPM shares that he could have cashed in at any time since May, and his 5 million additional IPM shares that he could have cashed in beginning October 15, and leave us hanging. Maxam is the one dirt that I used to trust the most. That is until their June production became 3 months after the receipt of the leaching permit became April became 2nd quarter 98. Hewlett's process became Hewlett/McGarvey's process. All of the dirts have made promises. IPM has totally lost my trust. GPGI has promised cash flow is just around the corner for years. Maxam has broken promises about commencement of production. I become ever more skeptical of the promises made by these companies. Given Maxam's share price, particularly in light of today's news, I think the market has also become more skeptical. I hope that my skepticism is proven wrong. After all, Maxam owes me a few warrants :-)