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

To: Che who wrote (5843)	10/1/1998 11:53:00 AM
From: Richard Mazzarella	Respond to of 11603

Che, <<exploration results and therefore would not have to pay additional funds to re-drill, re-assay, etc. I presume Maxam believes they would save money this way.>> You make good point which I was ready to completely discount. The IPM drill program results can be correlated with Maxam's paleo-channel mapping technology. That coupled with a few Maxam SFA of some of the secure samples would tie everything together to satisfy BLM and funding needs IMO.

To: Che who wrote (5843)	10/1/1998 11:00:00 PM
From: Larry Brubaker	Respond to of 11603

<<IPM's "assets" also include the results of drillings, testings and assays, some of which are still secure, etc.>> Che, I have a hard time understanding how IPM's drilling results have much value. Given that IPM was unable to come up with a "repeatable" fire assay (remember Black Friday?), it is hard for me to understand how whatever results they have are worth anything at all. However, I have no mining background and am willing to listen to someone 'splain to me how drilling results that could not be reliably measured have a value. Maybe if IPM kept untampered drill sample splits they would have some value if a means of reliably assaying the ore were ever found? I'd like to hear some input on these questions from somebody who understands more than I do about mining (that could be about anybody).