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

To: Zeev Hed who wrote (5683)	9/15/1998 11:38:00 PM
From: Richard Mazzarella	Respond to of 11603

Zeev, the recovery testing values were reported on head ore. The concentrate used was screened 3/1 before leaching. Therefore the actual screened ore leached was a high grade ore of 0.252 Au OPT. Screening is very low cost. I believe the cost because I believe Maxam. I understand that the leach time for the Maxam continuous process system will only take minutes, much faster than conventional bulk leaching times. <<I am also worried by the fact that now MAXAM is already below CHIP>> Since you're not a shareholder, why are you worried? The market currently doesn't give any value for these companies based on fundamentals, debt free shells sometimes bring more. MXAM should be a $3 stock just based on the reserve they reported 06/04/98. Not too many believe that reserve, too bad. Isn't finding undervalued in the market the game? IMO CHIP has yet to date demonstrated any value.