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

To: Mr Metals who wrote (4378)	5/18/1998 12:19:00 PM
From: Bruce McGaughey	Read Replies (1) \| Respond to of 11603

Nobody knows about it. It's a BB stock. People will know about it, though, when it starts spitting out cash. This is a revolution. In the 70s, Battle Mountain went into Nevada and started using heap leaching. You pile a bunch of dirt together and sprinkle cyanide over it for 1-3 months and scoop up the gold. BMG went big-time with that. The Hewlett-Maxam process does that except that there is no cyanide and the leach process is cut down to 30 minutes and not 1-3 months. IPM's problem and apparently MXAM's too is that other minerals interfere with standard fire assay procedures. Bankers don't like to lend money if your dirt can't be fire assayed. BUT...COC Recovery numbers sure go a long way in my book toward proving economical viability. Particularly, when it's platinum you're talking about and Stillwater is the only North American platinum mine. Don't you think one of the majors would like to acquire a company with this kind of technology....and 70,000 acres to feed it ??

To: Mr Metals who wrote (4378)	5/18/1998 12:46:00 PM
From: Bruce McGaughey	Read Replies (2) \| Respond to of 11603

Does anyone know anything about Iridium ??? There should be a market for it. Is there a price per ounce that is quoted daily ?? MXAM seems to have a lot of it. This is from "Compton's" The melting point seems quite high. Iridium, dense and rare white metal with a slight yellowish cast. This brittle element is the most corrosion-resistant metal known. It is used in platinum alloys for fountain-pen nibs, compass bearings, jewelry, and surgical pins and pivots and in manufacturing crucibles used at high temperatures. It is produced commercially as a by-product of nickel and copper production. It was discovered in 1804 by Smithson Tennant, who named it for its rainbow-colored salts. Properties of Iridium Symbol Ir Atomic number 77 Atomic weight 192.22 Group in periodic table VIII Boiling point ca. 8,132o F (4,500o C) Melting point 4,442o F (2,450o C) Specific gravity 22.42