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

To: Richard Mazzarella who wrote (4414)	5/19/1998 12:29:00 PM
From: John Flaherty	Read Replies (2) \| Respond to of 11603

Mr Mazzareela: << Does the MXAM COC suggest anything to you?>> It tells me that if I was happy with .05 Au that could sifted at a 4:1 ratio to get .20 that I should be jumping for joy if these numbers hold. We now have the .05 Au plus .44 Pl and this new thing Ir at almost 1.0 OPT with a worth close to Au. And these numbers came from recovery through the MXAM/HEWLETT SYSTEM, which is much more important to me then the SFA. I understand that your Mom told you to buy low and sell high but with IPM being between .25 and .30 and MXAM between .53 and .55 the price difference,IMO, is more then made up with MXAM management, land holdings, plus what seems to be an economical process to recover the goodies. I also understand that Mr. Runyon sold IPM their property and lowered the price to boot, but I surely don't think he's sold them anything close to what he considers to be his best properties and if he did he must feel he has plenty more. I guess the bottom line for me is that I trust Mr. Runyon much more then IPM management, I can only judge by their past actions and it seems MXAM has been much more straight forward. So even though I may trade in and out of MXAM I'm much to nervous to get into IPM after all that has happened. Thanks for your input, John