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


To: go4it who wrote (6388)11/2/1998 10:38:00 PM
From: Chuca Marsh  Read Replies (2) | Respond to of 11603
 
<<<<<There is approximately 32,375,000 tons of earth down to 100 feet on 160
acres.>>

There is approximately 32,375,000 tons of earth down to 100 feet on 160 acres.
> >based on 0.05 oz/ton you would have 1,618,750 oz per 160 acres
> >x $.5 = $ 809,375
> >x $.1 = $ 161,875
> >
<<..There is approx. 16MM tons down to a 100 ft on
160 acres. I can do the math and I know the implications behind success of this project ..>>
Let, me say..wow...64 Million TON QUESTION will the ounce BE there??? ? At $.50= $1,618,750
At $.10= $ 323,750; Voila and now compare the .05 Oz / Ton value at the NR I posted..bragging about what 7.5% of our tonnage - our rates are going to b-b-b- bigger-- do that math. Carbon Copy it to the REFRIG! Magnet that to my forehed! 15 fold on a Blues Brothers Bandstand, Cab Calloway hum a tune!
Chuca&iThoughtihaddecimalPROBLEMSlook at this low gramer-Maxam Gold in Comparison is a NO BRAINER:
<<>.with a stated underground global resource
of 4.5 million tonnes of 4.92 g/t Au with 267 g/t Ag. In addition to
Yamana's Bacon and Lejano discoveries, promising drill hole intercepts in
the area have been announced by Abacus Minerals at La Manchuria (58.5
metres with 6.53 g/t Au and 22 g/t Ag..>> Eutchy Gutcy take a Cue!
Chucacue ( Tell your wife, I am stating this for emphasis, not getting weird, fresh, or looking for a lawyer/judge/whatever or something!) Judge Judy - I heard a ad for the show- she takes no prisonners! I suspect given the facts, Judy would invest a 10% goforit into Maxam. No like me, but hey, no one invests like me. Well, at least no one I know. ( well, that is relative- anniversatry is a coomming...over at the biotech there are bragging about a .75 cents stock hitting 2 bucks tomorrow- CYTO after a few months of hell ...at the level of $6 ( I felt) it was a great company...now ...it is a rebuild job, maybe Maxam is a better buy!) TIME will see.