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

To: Larry Brubaker who wrote (3465)	1/15/1998 4:44:00 PM
From: GlobalMarine	Respond to of 11603

Larry: Thanks for your post. I didn't know they referred to it as an 80-acre Plan of Operations. Disturbing 80 acres at a time represents 12 1/2% of 1 sq. mile, so it sounds like a good-sized disturbance area relative to property size. Is it big enough to mine 10,000 tons a day continuously, I wonder. Well, it looks like Maxam's the DD sector's only real hope for 1998 vis-a-vis full-scale production. Even if GPGI is sort of in production, their production level is tiny and they haven't drilled and assayed.

To: Larry Brubaker who wrote (3465)	1/17/1998 10:13:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

Larry, when I saw Tim's comment about permits I was hoping that Maxam was hedging its "environmentally neutral" bet by acquiring conventional mining permits. While "environmentally neutral" does sound wonderful, it seems a little cute at this stage of development. I guess I would have preferred mining first, then environmentally neutral later. April is not that far away and I expect to see mining expectations start to show up in stock price soon. I have been accumulating at these lower levels irrespective of what Runyon does with his shares. I still believe that Maxam has some of the best dirt of all the desert sands and if any of the dirt's can pull off economic recovery, it is Maxam. I also expect Maxam to PR their stock into the approaching mining potential. All aboard IMO.