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: Jon Matz who wrote (6782)	12/4/1998 1:38:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

Jon, after Bre-x no conventional bank funding would ever be given for mining without COC on the resource. Success with this 10 hole COC will only provide interim funding to do a full 200 acre COC drill program. That drill program will provide the bankable reserve for the ~$5MM required to build the mine. There is still work to do. We expect some results from the 10 hole COC in early January. I suspect that the larger COC drill program could take a number of months. However, speculation in resource stocks occurs long before the stock can be fully valued based on solid fundamentals. That's why I'm still accumulating now. I'll sell some of my cheap shares a lot more expensively to the crowd that piles on later. <VBG>