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

To: Keith Utz who wrote (3294)	12/2/1997 11:28:00 PM
From: GlobalMarine	Respond to of 11603

<<The deception on the part of IPM toward its shareholders is shameful IMO. We were ambushed on Nov. 14 and a lot of good people were hurt...>> I remember calling Eli Constantine about a week or so before that fateful Friday. I had asked him again (I asked many times before and got the same answer) if the recovery process was economic and what the ballpark production costs were. He said that they thought they could extract the gold for around $150 an ounce, excluding consideration of the other metals. He did try to qualify by saying that the costs would come out during pre-feasibility. So Keith, I don't blame you for exiting stage right.