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

To: Bruce McGaughey who wrote (4381)	5/18/1998 12:59:00 PM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 11603

Bruce, <<There should be a market for it.>> Sure is. The density of Ir is twice that of lead (0.9 lb/in3). Hard high temperature metal used to harden Pt. We can make high tech bullets with it for shooting satellites down. <VBG> I don't know why they are ignoring it, unless they are thinking of tossing it because of process limitations. I don't have a price, but I would guess somewhere around $200/oz.

To: Bruce McGaughey who wrote (4381)	5/18/1998 4:48:00 PM
From: Raye Derickson	Read Replies (1) \| Respond to of 11603

Bruce, To complement your info, I quote "The Handbook of Chemistry and Physics" (you know, the huge book we never look at): "Iridium is not attacked by any of the acids nor by aqua regia. Discovered by Tennant in 1803 in the residue left when crude platinum is dissolved by aqua regia. Attacked by molten salts such as NaCl and Na CN. Iridium occurs uncombined in nature with platinum and other metals of this family in alluvial deposits. Also used for electrical contacts. Its principal use is a hardening agent for platinum." Also, this edition was from the mid-1980's and quoted $300/troy ounce. Anyone have an updated price? Raye