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

To: Chuca Marsh who wrote (5478)	8/27/1998 3:17:00 AM
From: GlobalMarine	Respond to of 11603

Chuca: Since my speculative prediction of the contents of the last press release wasn't too bad (I was a little optimistic...I thought Maxam would have some good leach results), let me try on a new prediction: My speculation is that the company will not keep all of its 130+ sq. miles of claims on account of the cost of the yearly BLM claim fees. I don't know if the company will issue a press release on it, but if they ever do, I predict it'll say something about the cost of the claim fees being so onerous that it's better to conserve capital for more productive and shareholder value-enhancing operations and therefore the company has evaluated all its claims and kept only the most promising and highest grading properties. How many sq. miles the company will keep, I don't know, but I'll speculate that it'll keep, say 60 sq. miles out of the 130 sq. miles. Rand