It's funny that nothing is ever brought up about what this company is doing. They got together 1.5 mil in a private sale of stock (a little over 100,000 shares so that value was about $14 share to the private investor) to someone to purchase the mineral rights from Sunriver last July with Sunriver getting $500,000 and 50% of the stock in MAXE. Now there were are few people who thought this was a bad deal so they started trashing MAXE all they could. The land in modern times has never been mined or drilled for anything, but it was very much so in the late 1800's through 1940's mined for gold and coal. Finally MAXE is trying to make an effort and has a very good chance at making some money on their investment. Sunriver was just starting to try exploring for oil/gas when they were hit with what I think are frivolous lawsuits and has involved MAXE also and guess by who, the same bunch who has been trashing MAXE. The company has come out and said they have nothing to do with the promos and pumps that has been going on. I think they believe that they have a plan in place and is following that plan and the stock will take care of itself as long as they do what they set out to do.
If you look at me, you'll see I'm just a small shareholder in Sunriver, don't own MAXE, don't really play with penny stocks at all, just had an interest in the old maxwell land grant and know it is worth something, who will ever get something from it only time will tell.
The following is just a part of the latest press release:
The land first was believed to contain a large quantity of high-grade coal (according to 1991 and 2005 USGS surveys) and, while the land still may hold a great amount of metallurgical coking coal, Golder's research has indicated gold may be more viable within the area, causing Maxwell to adjust its focus.
Golder Associates, a Colorado-based engineering/environmental consulting firm, performed a study on Maxwell's holdings by overlaying historical data (including the 1991 and 2005 USGS surveys) upon known data points and maps and making calculations based on this examination.
Golder also looked at how easy it is to access the sites, where the best mineral deposits might be (as well as how difficult or easy it could be to extract them), permitting issues, and the market prices of coal, gold, silver, and other minerals.
Golder's report indicate that two areas within Maxwell's holdings of 170,000 acres in northern New Mexico could contain mineable gold: Ute Park (3,479 acres in size) and Eagle Nest (30,231 acres in size, although only a portion of the acreage maybe mineable). Both areas are located about 20 miles northeast of Taos and are located in the southwest portion of Maxwell's holdings.
Dias said Golder did not estimate how much gold may be in the two areas as "it is too early to tell."
Both sites also are located adjacent to the Baldy District, the location of the historic Aztec Gold Mine, which was successfully mined for gold from 1868-1945, as well as five other gold mines.
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