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

To: Alan Vennix who wrote (8162)	5/6/1999 12:17:00 PM
From: Richard Mazzarella	Respond to of 11603

Alan, yes I have been watching it. Montle got something stirring? He turned $5k into a $10MM internet cap. There has been a lot of speculation in the pennies lately, it should be good for all our spec stocks.

To: Alan Vennix who wrote (8162)	5/6/1999 2:20:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

Alan, I just finished talking to Mr. Runyon about today's release. The reason for reporting was to inform the market about the possibility of minimizing the permit requirements. While the company could simply do a 1000 TPD plant with minimal permit requirements, the possibility exists of simpler permitting for the larger plant size with their "secret sauce". For those that doubt Maxam is concentrating on mining, ask yourself one question. Why would Maxam even be talking about lowering mining costs if they aren't confident in their ability to mine and the costs required. Maxam says they have a process and metals to build a mine. They just need the money. Also learned is that the gold reported from the previous press release if very underreported. We will learn the details in due time. Things are much better than they appear, my speculation. Mr. Runyon refuses to simply hype the stock, he would rather underreport. While Maxam likes the simplicity of mining just gold, current JV funding interests favor PGMs. Maybe that's why we are seeing that interest, my speculation.