Phil, my take of the MAC situation is as follows:
The following is only my guess.
All of my information is from public posts on this thread.
I have none from Private or e-mail.
Seems that in the last month, that there was on the table
an offer to buy out MAC's position, but MAC decided not to
accept the offer.
If so, then the offer reflected the low Price Of Gold number,
which means that if mining started, the profit margin is low.
So, MAC decided to wait until the POG increases, and this would
translate into a better deal for them in the buy out. The value
of their gold mine claim seems to be based on the POG.
If the POG remains stable at current, then I expect to see no
MAC settlement.
Believe it or not (its true), MGAU is trying to mine gold from the
desert dirt in Arizona. Until they are successful they need money
to continue the operation, and rather than sell stock and dilute
shareholders, they decided to run a small quick and easy business
on the side. Rather than a donute or pizza shop, they noticed an
old abandone marble quarry down the road. So they brought it and
now are selling the marble at a profit. Helps the stock price.
Same company, and another believe it or not (this also true),
the pink marble they sell had some discoloration in it.
Contamination of yellow streeks.
Guess what it was.
Yesssssssssssss, gold.
Time for us to focus on silver to help the present and near future.
With luck, maby the silver will be colored with gold ribbons.
Doug |
