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

To: Rosie'sPaw who wrote (5376)	8/19/1998 2:16:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

Clark, I also own GPGI and am very happy to see their progress. GPGI in the past was hyped and very aggressive in promoting itself, lots of promises with little result. Current reports from them are very encouraging and I like their new conservative approach. Owning some GPGI makes lots of sense IMO. There is a lot more than their cash flow to interest investors, lots more. Maxam was the Boy Scout of the desert dirt's in the past, very conservative, and only recently has had difficulty in the area of credibility. I was concerned about Maxam's loss of focus when they began all the custom milling and other sidetracks and said so on this thread. Much of that enterprise has fallen on its nose, but the main issue for metal recovery potential is still intact, my Maxam stock story. If anything, this exercise has demonstrated to Maxam the hazard of drifting off its primary path, that's good. We could discuss speculation on why those sidebar enterprises failed, but I'll save that for another day, even though it may be interesting. I still believe that Maxam is the best long term investment in the desert dirt's for the reason of speculation on all the potential precious metal available. GPGI is my emotional hole card that is demonstrating the metals can be recovered while my expectation for greatest stock reward is still Maxam.

To: Rosie'sPaw who wrote (5376)	8/19/1998 3:16:00 PM
From: Bob Walsh	Read Replies (1) \| Respond to of 11603

Clark, just a brief correction to your post about GPGI's production numbers: (1)their current production rate is not 15 tons per day, it is 15 tons every 4 days (the bottleneck is they only have 4 resin columns now); (2) next week they will install 4 more resin columns so their production will be 15 tons every 2 days; (3) to achieve 15 tons per day they will have to add 8 resin columns and 2 additional tanks (this may happen sometime within the next few months). While 15 tons a day is a few months off they are producing and slowly (but not too slowly)increasing the production. Bottom line, your numbers are slightly premature. Regards, Bob