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

To: Bruce McGaughey who wrote (5574)	9/2/1998 11:59:00 AM
From: go4it	Respond to of 11603

Sounds like a real good thing for credibility. I wouldn't want them to do it too much though as it wouldn't be profitable IMO.

To: Bruce McGaughey who wrote (5574)	9/2/1998 12:10:00 PM
From: Paunch	Read Replies (2) \| Respond to of 11603

Bruce, I know how you feel, it seems like it takes forever with these mines to accomplish anything. I went down to Mexico in 1973 and working by hand in less than two years at a cost of less than $ 32,000.00 we found a silver mine containing about one billion ounces of silver. Of course this mine was a vein and I am sure that is much easier than these DD's. Paunch

To: Bruce McGaughey who wrote (5574)	9/2/1998 9:24:00 PM
From: Larry Brubaker	Read Replies (2) \| Respond to of 11603

<<You run a couple of "batches" through the process, collect the resin columns, send them to a refiner, the refiner sends you a check, you put the check into the bank.>> Bruce, unfortunately, it does not appear that Maxam has any facility to do such a thing. Since they didn't "allocate funds to upgrade" the recently completed pilot plant, and since they are now apparently pursuing the $5 million MCM facility instead, it would seem they would need $5 million in order to run a couple of batches through the process.