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Gold/Mining/Energy : Desert Dirts, Gold & Platinum, the emperors new clothes -- Ignore unavailable to you. Want to Upgrade?

To: Tim Hall who wrote (1435)	5/18/1998 11:17:00 PM
From: go4it	Read Replies (1) \| Respond to of 1913

Tim, I first want to say that I did not walk away from the meeting as the resident expert on Mxam but I will do my best to answer the questions. <<Did you meet Frank X. McGarvey? s he still working on the ion exchange process?>> I am the worst person in the world with names but I will say that the name doesn't even ring a bell with me. I did meet and talk to Hewlett. I think he mentioned who was working on the resins but the name went right through me as I was not taking notes at the time. <<You or somebody else said that they have a warehouse near Gila bend for a lab but late last year or early this year, they said they had already completed the mill control lab. What is the difference?>> The terminology confuses me. I said that they have purchased a building in Gila Bend that is approximately 7000 square feet that will be used as a lab which should be up and running by the 2nd quarter of next year. I am not clear on the exact use of the lab but it could be used for analysis of Mxam dirt or figuring out the best chemistry for LLC customers or both. I am not sure. If the mill control lab is completed than I would have to guess that would either be referring to the lab on site which is little more than a trailor or a lab that they have located in Tuscon(sp?). <<Not based on press releases but on thread reports from various shareholders we have been told that equipment is installed and production should start right away. This company has invested a lot of money in equipment and installation. Now they have Kilborne in to check the engineering and design. Isn't it kind of late for that?>> Miscommunication here. Yes, the equipment is installed at the site but WHAT equipment? Your dozers are there <g> all three of them, 2 brand new vibra mills are there, the trailor is there, rattle snakes are there and a broken DCRS is there as well as a couple of conveyors. The Hewlett pilot plant is NOT there. The pilot plant is located in another city. The pilot plant operations will be conducted off site. This is a very small operation that I did not see. When they speak of going into production that is exactly what they will be doing but it will not be a money making operation. It is too small and it is too far away but it is a necessity to prove out the process. Is it too late for Kilborn to be involved ? Absolutely not IMO. I don't know if they will be involved with the design of the large scale plant but they are involved in analyzing the designand the operation, performing the COC and the most importantly getting the financing to build it. Dale does not want to dilute shares any more than is needed. <<I understand the permit problems. I never did believe that they would be able to operate a facility like they talked about on a 5 acre mining notice, but I would think that the mill should be in place and ready to go and that a little more permitting like filing a plan of operations should solve the permit problems. The truth is, I don't even know which mill they are talking about in the release.>> I hope the above answered this already. <<There has been a provision in the mining law for quite some time that prevents people from filing a claim just to get a lot to live on. The new law, which is controversial pertains to the five acre mining notices. The feds want more control over these little projects and better bonding. The Department of the Interior, under Bruce Babbit has been trying to make their own laws rather than wait for congress. I will try and post a like about this later.>> I look forward to reading that for personal reasons but would prefer not to mention what I think of the Fed. <<It is interesting to note that Maxam believes reverse circulation is better than auger while Naxos is just the opposite. Overall, I get the impression that Maxam takes a new direction every other day and never completes any one approach. I spoke with a manufactures rep who said he saw native gold in Maxam's ore. I really thought that maybe Maxam would be able to produce some gold through a gravity recovery process but now I even question that.>> I won't comment on Naxos as I know little about it but Mxam did have a centrifuge on site that I was told would seperate the gold. The problem with the native gold is the Hewlette process. The process is designed for microfine gold. The acid used in the process I was told was weak and was also told that if a larger piece of gold were to sit in the solution it would not dissolve it and could probably sit there for a very very long time. Does this help with some of the confusion or does it make it worse?