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

To: Ed Devlin who wrote (8289)	5/13/1999 2:08:00 PM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 11603

Ed, I can't think of anything in the short term more exciting than the funding news. We know they have the metals, recovery system, and money to mine. Those ponds at Peoria always seem to be full and they have a monster well so water shouldn't be a problem. I know electricity requirements will have to be worked out. I also suspect that there will be the permitting issues, but it seems to me that Maxam is already addressing some of that with its environmentally friendlier leach they reported in their last press release. Tim should be better able to advise about the mining issues than me. You know, one of the things we don't know is the main interest of the JV partner (funding source). Dale did tell me that there is a significant interest in PGMs and he believed that funding to support Pd recovery was more available than funding for gold mining. I don't know if that the case here. I look forward to hearing the funding details.