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

To: GlobalMarine who wrote (3469)	1/16/1998 3:12:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

Rand, <<encouraging about MGAU>> I am hearing rumors about good recovery (see MGAU thread). I understand that they will move to early prototype production since proving up the property would be costly (difficult to drill). Rumor has at least 10MM oz (see webpage and Struthers). $10/oz Au in the ground has the 8MM share with a $12.5/share value. A good recovery report (economic) would have $0.50/share cheap IMO. I guess the main point is that I expect both Maxam and MG Gold to show economic production in 98.