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

To: Chuca Marsh who wrote (5464)	8/26/1998 11:05:00 PM
From: GlobalMarine	Read Replies (2) \| Respond to of 11603

Chuca: If your WMA8 group is interested in picking up new claims, the apparent lack of cash may mean there is a significant possibility that Maxam Gold will not be able to renew all 130 sq. miles of claims, IMO. If I'm not mistaken, they'll have to pay something like $50K very shortly to the BLM for the yearly claim fees (about $100 per 160 acre claim, I believe) and I'd speculate they can only afford a fraction of $50K; hence, you may have an opportunity to pick and choose some mouthwatering new claims, provided your WMA8 group has cash itself. So what'll it be, pal? Vekol Valley? How's about Columbus Wash? Oooh, maybe Copper Valley? Hey, don't forget that juicy Coyote Peak now!