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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 (5315)	8/17/1998 1:18:00 PM
From: Richard Mazzarella	Respond to of 11603

WF, <<PGMs (if any) are not economically recoverable>> I don't come to that conclusion. Look what they reported in that May PR, no results for fire assay, but recovery results. We know and have seen the results of hundreds to thousands of SFA where results showed gold. Then all of a sudden they see nil on SFA? I would have thrown the results out then if it were not for the conjecture about the Ir. Remember the Ir and all the discussion about PGMs killing SFA for gold? Everyone is so anxious to find difficulty with Maxam that we have to be careful to not be second guessing what's being said. I for one want some further clarification, but I think we are beginning to see some of the technology sophistication that I was talking about before. I don't want to start an epistle here, but I promised that I would reply to Rand why we should be more encouraged, not discouraged. I will fulfill that promise in a post later today. I need to do some work in the market first, I'll get back.