Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: WLAVEL who wrote (6240)	10/27/1998 2:42:00 PM
From: Paunch	Respond to of 11603

Wlavel, How does it feel to be the most intelligent person in the world. Go back to your shorting have yourself some fun for a little while and do us all a favor short heavy. Chuca is not the only one that has been in contact with Maxam and do you have a big surprise coming. Chuca keep up the good work. Paunch

To: WLAVEL who wrote (6240)	10/27/1998 3:50:00 PM
From: Tim Hall	Read Replies (3) \| Respond to of 11603

Maxam didn't spell the word correctly at their web site. The word is Chiddy and has to do with the use of lead acetate when analyzing cyanide solutions. Tim PS That actually makes the Maxam 9/14 press release a little more confusing since they were using chlorine/ bromine leach, not cyanide.

To: WLAVEL who wrote (6240)	10/28/1998 12:22:00 AM
From: GlobalMarine	Read Replies (2) \| Respond to of 11603

<<...I believe Runyon was pulling your crank and it should begin with Sh instead of CH.... >> LOL! IMO: What's ridiculous about things right now IMO is that everyone is getting all excited and ultra-hypish whining about this wonderful chain of custody drilling program that is due to start soon....to a depth of a mickey-mouse 20 feet! That's only a bout six metres, not much deeper than a swimming pool, for pete's sake!!! No hard rock mining company drills to a mere 20 feet, they drill to hundreds of feet or hundreds of metres even. And remember, these 20 foot holes are to establish reserves, not serve as mere recon holes. Judging from the old RC holes, any hot spots take seem to take place at/near the surface only, and as you drill deeper, grades drop to 0.05 oz per ton, and since Maxam has abandoned talking about 0.05 oz per ton and focuses on trying to find high grade, and shelved its pilot plant after the first test failed instead of re-running the plant with ore with known fire assay grades, one can speculate that the company cannot make money on 0.05, because if it could, it would be running tests on this 0.05 ore that has already been found all over the property instead of going on a COC dirt hunt for 20 foot thick higher-grade ore. Twenty feet, my goodness, the ceiling on my house is 20 feet high, and people are going ga ga over 20 feet? You cannot build a mine on 20 foot thick dirt, for real mines operate on thousands of tons a day processing. Maxam's stated goal was to eventually have ten plants each running 10,000 tons a day. This from the AGM (see the AGM tape). And everyone went WOW over that remark. And then we had the supposed 2500 ton a day plant that was to come on line last year. Then it got moved to this year. Then to early 1999. Well, then they weren't going to do that, instead there'd be a 10 ton a day pilot plant set to go by the summer to prove out the process to shareholders. The purpose behind this pilot plant was to demonstrate to shareholders the process works. Well the plant was shelved after its first and only test failed. What do you think THAT demonstrated to shareholders? Well now the company is going to try COC drilling of 10 holes to a MERE 20 feet only. Like one can build a ten thousand ton a day operation on 20 feet? One good demonstration of recovery would a long way to turning the tide. But it seems everyone in the DD arena is drowning, according to Jay Taylor at least.