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

To: GlobalMarine who wrote (5449)	8/25/1998 7:25:00 AM
From: J. B. Knecht	Respond to of 11603

<Maybe somebody can sort this out for me? I'm thoroughly confused.> <<Larry: There are three plants, one of which is built and the other two not.>> Larry, Thanks for asking (and organizing) the question. Rand, thanks for the response. I've been trying to figure this out myself. Joe

To: GlobalMarine who wrote (5449)	8/25/1998 7:58:00 AM
From: Richard Mazzarella	Respond to of 11603

Rand, excellent post. I pretty much agree. IMO I think the company put too much on its plate before, tried to fly before it could walk. A good trick if extremely lucky and blessed with adequate funding. At this stage of property development and financial resource I'm just very happy to see that Maxam is doing 20lb recovery experiments which are well underway. Success with geochemical and technology work at Peoria and good 20lb recovery results will posture Maxam for the resource audit acceptable to both BLM and bankers. IMO they don't have to become a GPGI to convince funding interest, just a bankable resource. If they had funding to build a plant like GPGI to convince anyone, they wouldn't need funding. They would use cash flow to fund further development.