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

To: go4it who wrote (4423)	5/19/1998 10:47:00 AM
From: Ed Devlin	Respond to of 11603

I'm not sure I can do it justice. He reviewed what Kilborne is and does (impressive) and talked some about engineering work with Barrick and others. He outlined what it took to bring a mine into being and indicated that Kilborne was now into financing (equity and otherwise) as part of its corporate structure. Very good overview, and a very solid sense that nothing was going to be neglected, no clump of clay unturned (my phrase, not his). He is looking at production starting around the first of the year (without any guarantees). Almost without emphasis, as though it were just another ho-hum item, he said that there would be a "bankable feasibility study out in two weeks" (later amended to two or three weeks). Then he went back and emphasized "bankable". Overall, he seemed like a most capable manager. I've probably left something important out, but not on purpose. Ed