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

To: Chuca Marsh who wrote (6706)	11/29/1998 8:52:00 AM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 11603

Chuca, <<The IPM .09 OPT Gold, is JUST NOT economic>> I don't believe that. What is the average grade for all the worlds gold mines? I remember something ~0.03 OPT? IMO the issue is adequate reserves and an economically feasible method for extraction. The current COC at the higher paleo-channel mapped grades is to prove the mapping technology which then allows Maxam to maximize early their profits for minimal cost. IMO Maxam can economically extract grades <0.04 OPT, but why not go for the >0.50 OPT for the same effort. More than ten times the profit for the same work makes sense. The technology also allows an adequate reserve determination (9 year minable) for minimal cost. Maxam has potential investors sitting in the wings if they can show large reserves at <0.02 OPT which can be economically extracted. Remember that we are talking head ore here, sieving concentrates the head ore 3-4/1 which allows for improved extraction economics. Blue is nice. <VBG>

To: Chuca Marsh who wrote (6706)	11/29/1998 6:12:00 PM
From: Chuca Marsh	Respond to of 11603

<<..The IPM .09 OPT Gold, is JUST NOT economic, Blue is the method now...high grade ore. EOM. Perion. Nuff Sais. Chucau ..>> Should of been...<<The IPM "Soley 0.04-"0.09 OPT Gold, is JUST NOT economic, Blue is the method now..."highER gradeS is needed to prove to the Banker Types what MUST be needed to be funded to make the Mill Complex for Desert Alluvium" .. ore. EOM. Perio"D". Nuff Sai"D". Chucau >> Listen to that real carefull, the High Grade Ore is our hot spot: homepages.infoseek.com