DESERT DIRT INDEX VALUES AS OF MAR 31, 1999:
NOTE 1: For the year of 1999 through March 31, MGAU's stock price is up by
293%, MXAM is up 193%, GPGI is + 27%, NAXOF is + 18% and CHIP is -15%.
A basket of the five stocks is up approximately 100% on the year, depending on the
particular indice. (Keep in mind, of course, the disastrous year 1998 and that this
assumes a fresh investment on Jan 1, 1999 without accounting for the 1998 losses.)
NOTE 2: DD NEWS -CHIP did not have a PR during the month but in an EDGAR
filing the company revealed that it was shifting its focus away from DD mining to
European Internet activities. Since CHIP represents less than 2% of the DDI, it is
being retained at the present time rather than recalculating the DDI without it.
MGAU had 3 Press Releases. The March 3 PR indicated a 1 ton sample from the
Sinagua Cinder Cone was currently being treated using J-L technology and that a
pilot plant was to be constructed at the Sinagua site; marble quarry operations were
continuing to increase and were expected to be cash positive in March; also that the
company expected to complete acquisition of J-L by end March. On March 15
MGAU announced that pilot plant construction commenced March 8, and on March
31 the company confirmed that it had completed the acquisition of the J-L
technology related to assay and recovery of precious metals from refractory ore.
MXAM on March 2 referenced several USGS reports with information that could
be relative to the occurrence of precious metals at its' Peoria site. Additional
information has been posted on the company's web site.
NAXOF had 3 PR's also in March. On March 18 the company announced that the
1-ton per hour pilot plant at Franklin Lake was complete and operations were
underway and that they expected to be running at optimum efficiency by early May.
On May 23 the company revealed that it had been cleared of all ASC charges, with
the only individual found guilty of wrongdoing being former President Jimmy John;
on that same day the company also revealed that a dissident shareholder group was
attempting to hold a special shareholder meeting in early April but that the
company was contesting the legality of the meeting.
DATE__________”DDI-CAP”________”DDI-SHR”_________”DDI-DOL”
MAR 31__________1958______________2157________________2032
MAR 26__________1883______________2047________________1910
MAR 19__________2027______________2199________________2157
MAR 12__________2180______________2391________________2259
MAR 5___________2181______________2393________________2271
FEB 26____________2074______________2199________________2263
FEB 19____________1620______________1758________________1728
FEB 12____________2064______________2440________________1953
FEB 5____________1727______________1901________________1625
JAN 30___________1712______________1758________________1440
JAN 23___________1369______________1489________________1375
JAN 16___________1147______________1169________________1107
JAN 8 ___________1046______________1052________________1035
DEC 31___________1000______________1000________________1000
NOTE: For the year 1998, the indices were down by 85-95%. These indices were
based on a basket of stocks purchased Jan 1, 1998 on the same basis as described
below.
BACKGROUND
Market Indices for the basket of 5 “Desert Dirts” have been calculated for three
different investments.
(1) MARKET CAPITALIZATION (DDI-CAP) - Assumes $1000 invested in the 5
stocks on the basis of the proportionate value of the market capitalization of the
stocks as of 12/31/98.
(2) EQUAL SHARE AMOUNTS (DDI-SHR) - Asssumes $1000 invested by buying
equal number of shares in the 5 stocks based on their 12/31/98 closing prices.
(3) EQUAL DOLLAR AMOUNTS (DDI-DOL) - Assumes $1000 invested by
buying equal dollar amounts of the 5 stocks at their 12/31/98 closing prices.
Initial values for the three investments were calculated as follows, using estimated
shares outstanding as of Dec 31, 1998:
STOCK_________CHIP______GPGI_______MGAU_____MXAM______NAXOF
MM SHARES ______20 ________30__________20_________55___________35
12/31 PRICE_______0.041______0.22_________0.39_______0.075________0.51
“CAP” SHARES____538_______807_________538________1479_________941
“SHR” SHARES____809_______809_________809________809__________809
“DOL” SHARES____4878______909_________513________2667_________392
With these share amounts, index values were calculated as above. |
