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

To: d:oug who wrote (6786)	12/5/1998 11:07:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

Doug, there are no dumb questions, only dumb assumptions and answers like mine. The beauty of a public forum is that if someone does give a dumb answer someone will correct it. Your question about the Maxam process: 1. Maxam will mine on site. 2. They will screen off 1/4 to 1/3 of the head ore to be milled. Maxam has learned that the precious metals are in the fines. 3. The large fraction, 3/4 to 2/3 of head ore, that won't be milled will be returned to the desert from where it came. 4. Maxam will mill and then leach the small fraction, 1/4 to 1/3 of the head ore. Maxam says that the leach is so environmentally friendly that the ore material left over is inert and can also be returned to the desert. 5. The leachate containing the precious metals is then further chemically processed with the precious metals being preferentially absorbed on carbon and/or ion exchange resin. 6. When loaded the carbon and/or resin is sent off site for metal removal and refining. 7. The refiner then sends a check to Maxam for the precious metals. 8. Maxam then makes lots of money, increased the size of the mining operation, and develops the other Maxam properties. 9. Maxam buys back shares and declares dividends for shareholders. 10. Shareholders become exceedingly rich and never have to post on SI again. . . . . 5280 Tim Hall buys Maxam stock. <VBG>