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

To: J.L. Turner who wrote (3125)	11/25/1997 10:58:00 AM
From: Larry Brubaker	Read Replies (2) \| Respond to of 11603

JL: Your right. $5,000 per day in addition to the shares. If I were Runyon, I would be increasingly skeptical of IPM's ability to pay the $17 million, plus $5,000 per day penalties. On the other hand, I'm sure Runyon knows a lot more than we do about what is really going on with IPM. None of this really directly affects Maxam, unless Runyon was counting on money from Phoenix/Omega to help finance Maxam's operations until production begins.