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

To: Anthony Zack who wrote (8166)	5/6/1999 7:28:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 11603

Anthony, <<Can't we hype the stock>> We can, but Dale won't. He's in this business to build a mine, not mine stock. He would like to see higher stock prices just like us, he is the major shareholder. However, he won't intentionally say anything that doesn't advance company credibility for its mining goals. Short term gains that turn sour later helps nobody, but TA traders and ultimately hurts the longer term investors. The gold values are underreported because of some of the sampling methods used. I expect when everything is straightened out we will see higher gold values like the company has reported in the past. Dale had to report the data presented to him, he had no choice. I have reason to believe that the gold data is bogus, the gold was significantly underreported, my speculation. We will have to wait for Dale to finish his analysis of the current work and I know he will inform us ASAP.

To: Anthony Zack who wrote (8166)	5/6/1999 9:21:00 PM
From: go4it	Read Replies (1) \| Respond to of 11603

Tony, As a publically traded company Maxam like any other company is required to report all material information that may effect the value of the company within limits of course. I do not believe that they can under report any more than they can over report findings. They are obligated to report their findings as is. Companies that don't do this are typically not around very long. If Maxam now has a change in chemistry that will effect the cost of metal extraction then they were obligated to report that. I believe the news would have had an extremely positive effect on the stock price if there had been some kind of independent analysis done on the previously reported process. Since there is great concern and in many cases disbelief of the former process this would suggest that this news would have little if any effect on the price of the stock. I believe that Dale could do well to contact someone of great credibility and not subject to bias to do an informal verification of the process and that could significantly help the value of the company stock. It is my belief that such an extraction method could totally revalutionize mining and that a respected member of acadamia from the chemistry department of a University could be readily persuaded to perform an informal review of the process. I am sure that they would love to be able to write an analysis of history in the making and be a great coupe for the physical and geological sciences. Just my humble opinion, Chuck