Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Anne Lamb who wrote (3376)	12/17/1997 12:30:00 AM
From: Chuca Marsh	Respond to of 11603

The sound of a Roadrunner at Period-7. The delay may be the Frog that Ron and I saw jump in the retention pond, it probably turned out to be an endangured species, or better yet, an Alien Resurrection as Ripley was the path it made in the water. Chuca

To: Anne Lamb who wrote (3376)	12/22/1997 9:22:00 AM
From: Karl Zetmeir	Read Replies (2) \| Respond to of 11603

I received a note from CL over the weekend ... thought you would all be interested ... I know nothing more than the content: ************************ On the way to PHX this morning I was early, so visited Maxam's mining site near Gila Bend. There are a lot of changes in the last 2 months as follows: The road to the South has been extended, about 100 yards from the office buildings is a new, large storage shed. A large back hoe was sitting nearby. Couldn't tell what they are doing at this new location. Both of the 'imaginary' bull dozers are still present as is the larger of the two front end loaders. The super structure over the vibra-mills appears to be done and now includes what appears to be 2 cyclones and some large diameter PVC piping. Looks like the feed may be by slurry. The small screener that they built is now sitting at the end of the conveyor from the Griz. They have a Grove heavy lift crane (RT 75 S) sitting on the property and it has been used to off load a lot of new equipt. There are two huge Eimco extractors, the belt size looked to be about 9 foot by 40 foot. About 12 drums of steel balls (about 1.62 in. dia.) for the vibra-mills. 4 vertical steel tanks with mounted pumps. Two enormous vacummn pumps with 200 H P elec. motors ea. A large cargo container with 2 exhaust stacks out the top -- I am assuming it contains a very large gen-set to power the vacummn pumps. This is some serious sized equipt. I would expect the 2 pumps and gen-set to be worth 150K$ in used condition. They have a slab with sun cover for their shop area and it is nicely equipped. I didn't get to talk to anybody about progress but it's apparent they are assembling some serious sized toys to attack the mining with. Like the rest of the desert dirt stocks, Maxam appears to be severely under valued at present. Best to all. C L