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

To: Richard Mazzarella who wrote (6117)	10/16/1998 8:39:00 AM
From: Paunch	Respond to of 11603

Richard, I think a contest would be a good idea and I would like to start it off with my GUESS. My guess for COC OPT gold only is .75 + OPT. Anyone else care to make a guess. Paunch

To: Richard Mazzarella who wrote (6117)	10/16/1998 8:49:00 AM
From: Mr Metals	Respond to of 11603

Hi RM, I can't believe how low the shares of MXAM have got. Is she a buy or what?? Mr Metals

To: Richard Mazzarella who wrote (6117)	10/16/1998 12:51:00 PM
From: WLAVEL	Read Replies (2) \| Respond to of 11603

RM, Before you go start your contest...The report by MAXAM of .222 ozpt from SEMTEC is an evaluation of a bead using an Electron Micro-probe, IMO.. Hold your water until numerous fire assays are done (this only thing that counts) and head ore is tested at time of COC... Just a thought for future speculation on all DD's.. One never really knows how much material is really processed to get to the final few lbs or oz's sent to a lab...only the mine operator knows.....The material that is sent off to the lab could show very high values but it could have taken a hundred or more tons to come up with that enriched sample...Large mines, with low ore values, who mine on volume and where the ore runs at $3 to $6.00 a ton need to process from 50-100 ton to produce an ounce at $300ozpt. On the up side if MAXAM even had values at $10-20 per ton and could run a couple of hundred tons a day you might have a good deal. Read between the lines, get some fire assay reports and look into tons required to produce ore....Tim just briefly touched on possible costs to mine dirt ie., ..screen, crush, wash, process etc,,,,every little touch adds more power, people and money, takes values down quite a bit......High volume operation could overcome expenses as you undoubtedly know. Have a god day in the sun..missed out on the fishing, had a good tour of Death Valley and surrounding area though. wl WL