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

To: Richard Mazzarella who wrote (5947)	10/8/1998 5:58:00 PM
From: WLAVEL	Read Replies (1) \| Respond to of 11603

RM, Same old ore reserve estimate jacked up to 49% more reserves.. Those are great numbers....funny none of it showed up in the 8,000 lbs shipped to Cimetta...For you to believe it...I'm not surprised... I would then expect to see some new numbers on the most recent areas where the 20lb leach testings are being conducted....Since you are into the Paleo-channels I would presume the values to go up to about .3ozpt and the reserve estimate to climb another 49%.. Don't you realize that after two years of testing and nothing to show for it...makes the ore reserve very suspicious.. wl