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

To: GlobalMarine who wrote (5109)	7/31/1998 3:13:00 PM
From: E Schmidt	Respond to of 11603

Rand... >><<It is my understanding that BLM determined that Maxam could not operate their operation on a five acre exemption. Maxam then filed a mining plan for a full blown operation. The BLM has rejected their mining plan on the basis that their are inadequate reserves to support such an operation. I believe that Maxam is working to resolve this problem >><< <<This is what happens when you try to build your own home-grown mine.>> Does this all mean that they are shut down until they can get either one or the other of the above. That is five acre or full blown??? Sounds like the rock and hard place???