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

To: Bruce McGaughey who wrote (4379)	5/18/1998 12:42:00 PM
From: go4it	Respond to of 11603

Bruce, Just a minor correction. Stillwater isn't the only producer of PGM's in North America. There are others in Canada around the Thunder Bay, Ont. area and I believe there are other areas as well. Stillwater is the only US producer to my knowledge. I do believe that you are correct that more people will know it when it starts spitting out cash but that is off in the future once Mxam gets into a larger scale production. The 10 t/d operation will be more of a pilot facility that will allow fine tuning of the process as well as show the financial people that the process works and works consistantly and will work profitably when scaled up to the higher volumes of 1000 and 2500 t/d IMO. This should give Richard plenty of time to get his IRA holdings in Maxam as well as us to continue adding to our position.