To all:
I know we all got taken to the cleaners by the fraud perpetrated upon us by Bre-X ... we all bought into the dream and the credentials of the Management, Brokerages and Contractors.
If you're like me ... it's changed your lives immeasurably ... in the short term ... most likely NOT for the better ... and I sincerely regret that for all my friends that I whooped and hollered with on every notice of another ten thousand ounces in "proven" reserves."
I held 200,000 shares to the bitter end, one of the largest retail investors in BreX ... so I know what I'm talking about.
If you're really fortunate ... you've gotten past Bre-X in your
personal lives. Some things will never be repaired. I know there
have been broken families and relationships and some things
Felderhof, Walsh and all the participating geologists can never be
forgiven. It's had dire impact on my personal life also.
If you're a precious metals investor, you've also suffered the
aftermath of Bre-X ... I know I have! The margin calls which forced
liquidation of some nice winners were a blessing in disguise as
those same equities are now 10-20% of their 1997 values.
Fortunately, I've moved past those black times ... have ended my
premature retirement and am finding a lot of satisfaction and
happiness in recreating my advertising career through some
revolutionary Internet advertising technology I've developed. (see
profile)
But I'm also here to tell you, in as difficult a market as this
post-BreX market has been, there is a shining light I've found that
is restoring my portfolio ... and I believe will ultimately make it
totally whole again! And that's saying a bunch!
Like all "elephant" finds ... this stock has it's naysayers ... it
flies in the face of conventional precious metals mining. It's a
technological solution to precious metal extraction rather than
conventional mining techniques.
I can tell you I personally know the Management, have seen the process work, have been on site on their projects. This is a very exciting time for MG Natural Resources: MGAU
I have an equity position in the company, having bought some of my position at $.19 6 months ago ... it's now worth almost $2!
Further, the size of their claims potentially dwarf anything BreX even wished for! It's in the U.S. ... on wholly owned property ... no Indonesian dictators to screw with, no Contract of Work B.S. ... their extraction technology has been judged environmentally safe as demonstrated by the opening of a pilot production facility.
Will there be a conventional resource calculation? Probably not anytime soon! The complex ores are believed to be so huge, the proprietary extraction technology too precious and the investing public too BreX-suspicious to believe anything other than cash receipts!
Fortunately, within the past two weeks, their pilot plant is now operational. I'm hearing they are currently processing 5 tons of ore a day in this tiny facility ... pushing towards 10 tons a day.
A full scale production facility could process 100 tons per hour.
If they can achieve anything near the grade they've achieved in
their labs ... 1.73 opt gold ... there is an absolute bonanza here!!!
Their AGM is in two weeks and we are anticipating significant checks from refiners for the production at the pilot plant will be displayed.
I encourage all of you to visit their web site:
mg-resources.com
Be sure to read the President's letters and PR's.
Examine their chart, read their SI thread ... do your due diligence. I think you just might take a leap of faith as I have ... that nothing can move faster ... nothing can restore your pre-BreX portfolio faster than a really hot precious metal discovery!
I sure anyone is welcome to attend the AGM in Phoenix on May 7.
May the whoopin' and hollerin' begin again!
Best regards,
Karl |
