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

To: W.F. Schwertley who wrote (5248)	8/13/1998 3:55:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

WF, <<everyone (but me)>> Don't agree. I don't know any more about the release than you. Tim suggests there is some problem with a recovery test. He has had a knack of getting information before us, I wish I knew how. All I can say is what Chuca just told us that Runyon is upbeat and confident of Maxam's success. I worked in R&D most of my life and have worked through dark and apparently hopeless periods. However, irrespective of what ever Mr. Murphy throws at you, continued hard work based on solid principles proved successful. If this was so easy, IPM would be a $100 stock, Naxos, CHIP, USPS, and others would be producing. <VBG>

To: W.F. Schwertley who wrote (5248)	8/14/1998 10:42:00 AM
From: GlobalMarine	Read Replies (1) \| Respond to of 11603

WF: One thing seems certain and that is the news isn't going to help the stock price much. Runyon already has already had leach (not pilot plant) results for a week now, and we don't have any pilot plant results at all. Also remember that IPM reported 0.25 oz/ton from their testing with no apparent loss from scaleup...until BD and Bateman said the process won't work. So even if Maxam's pilot plant testing shows nice numbers, people may not believe them. Rand