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Max Resource Corp V.MAX

Alternate Symbol(s):  MXROF

Max Resource Corp. is a Canada-based mineral exploration company advancing the newly discovered district-scale wholly owned Sierra Azul Copper-Silver Project in Colombia and its wholly owned Floralia Hematite Iron Ore Project in Brazil. The Sierra Azul Project is a district-scale copper-silver project spanning 120-km along the 200-km-long Cesar Basin in the mining region of northeastern Colombia. The Project consists of 20 mining concessions spanning over 188 square kilometers (km2). Its exploration is focused on three districts at Sierra-Azul: AM District, Conejo District, and URU District. The Floralia Hematite Iron Ore Project is located 70 km southeast (SE) of Belo Horizonte, Minas Gerais. The Floralia Hematite open cut is of significant size consisting of five benches rising to 48 meter (m) and 160 m in width revealing plunging bands of hematite iron ore at the base, and sub-horizontal banding at the top of the open cut and is open in all directions.


TSXV:MAX - Post by User

Bullboard Posts
Post by brodanon Oct 30, 2008 10:16am
604 Views
Post# 15555619

page 20

page 20We have not assigned any value to the other exploration properties at this
time, as the two further stage projects are enough to indicate that there is
value in this company not reflected in the share price.  As the junior mining
market improves, we expect to see some of this property value reflected.  And
even as the market remains weak, we are comforted in the downside
protection of the cash held by the Company.    We rate MAX Resources as a
Speculative Buy, with a $0.60 price target.

This investment is speculative in nature, and should only be considered by
those who are familiar and comfortable with the risks associated with a small
cap, mining exploration company.    

Gateway Securities Inc is currently acting as a corporate finance advisor to
MAX Resource Corp.   




\This is still a direct quote from the GATEWAY report

Please do your due diligence
Cheeers

Bullboard Posts