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

To: Richard Mazzarella who wrote (3232)	12/1/1997 8:44:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 11603

Richard: From Taylor's post, "Hewlett Mineral Management has estimated that some 1.45 million tons of this higher grade material exists and that the cost of production from this high grade material is projected to be around $21.68 per oz. of gold." I don't recall from the PR that Maxam announced that Hewlett has estimated a tonnage associated with the higher grade material. This is what the PR says (from Hewlett's report of 11/21) "Ore reserves will be updated with additional assay results and additional trenching and reverse circulation drilling." I would be concerned if Hewlett was upgrading p & p reserves based on two holes. But that is not what the PR says. Either Taylor knows something we don't, or he is trying to spread misinformation about Maxam. I wonder what his beef with Maxam is? Maybe Runyon has decided to stop jacking around with IPM?