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


To: Alan Vennix who wrote (3138)11/25/1997 8:53:00 PM
From: Larry Brubaker  Read Replies (2) | Respond to of 11603
 
Alan: Your calculations refer only to the higher ore values found. Maxam has already announced proven reserves of somewhere around 4 million ounces from much higher tonnage, but at lower ore values. These higher values should increase their proven reserves once they have done enough drilling/sampling to determine proven values.