Here's a OTC BB stock in the gold processing field that was sent in through e mail for our consideration. MGAU - OTC BB Closed Friday at 1 27/32, Change +3/32 (+5.36%):
quote.yahoo.com
I thought I would share the e mail with you since the author went through so much trouble to send it to me. Here is the e mail:
Jeff
I have never seen one that has more potential. Production not assay!! Gold in hand and cash in bank!! Note backgrounds of two recent board members.
Some due diligence going on here:
ragingbull.com
Thank you for considering for the CLUB..... I appreciate your work. Adam
<<<<<<<<<MGAU PROCESSING TECHNOLOGICAL BREAKTHROUGH********
MG Natural Resources (OTCBB: MGAU) Website: mg- resources.com
Why would this person join the Board of a small bulletin board public company on April 5, 1999?
James C. Lanshe, who joined the Board April 5, 1999, has been admitted to practice law in Arizona, Kentucky, New York, Pennsylvania, the District of Columbia and before the Supreme Court of the United States of America. Lanshe has degrees from Georgetown (B.A.), Harvard (M.P.A.) and is a graduate of Cornell University School of Law.
He has taught securities law as an adjunct faculty at the Law School at the University of Louisville. Lanshe has been involved in various investment banking activities, served on boards of various public companies and currently serves as a consultant to a private Wall Street investment banking firm with offices in New York, Bermuda and London.
I am just a shareholder and nothing more or less. The following describes what is going on. See website for more details. Call the company in doing your own due diligence. The company does NOT have a PR firm or anyone else!!
Just as process technological breakthroughs such as heap leaching, autoclaving and oxygenated roasting have had had a tremendous impact on the mining industry turning gold mineralized material that would have otherwise been left as vast amounts of waste rock into huge amounts of valuable gold reserves MGAU believes it has made yet another major technological breakthrough in treating and processing refractory ores. Refractory refers to gold ores that are not amenable to efficient gold recovery via cyanidatin or gravity concentration without additional processing. In addition, to this MG has a marble quarry operation providing positive cash flow. 12 Press releases since December and 6 President's Letters.
April 12, 1999 President's Letter
“With the advent of MG Technology for precious metals extraction, all current methods will become obsolete……. MG has been enabled by purchasing extraction technology from Johnson & Lett, to make our precious metals mining operations highly economical. We would like to compare our Dollar Value per ton of ore to some of the largest mines in the world. We are a micro cap company with ore worth hundreds of dollars per ton. They are maxi cap companies with ore worth pennies per ton. We process ore in days. They process ore in years. We have small capital costs. They have enormous capital costs. Just a few short months from now, we believe it will appear as though we bought Johnson & Lett Technology for less than 2.5 cents per ounce. Production has moved up from one ton per day the week of April 5th through 9th, to 5 tons per day the week of April 12th through 16th. Upon development of systematic and periodic processing, concentrating and refining, we anticipate refinery checks on a weekly basis.”
March 16, 1999 President's Letter
“We have had engineers estimate the weight of the mountain and we are
comfortable with a figure of about 196,000,000 tons. We are confident that we are able to recover over an ounce of gold per ton of ore. Based on current projections, we anticipate a positive cash flow from the Sinagua Pilot Plant within the next few months.”
February 22, 1999 President's Letter
“The extraction of gold from the refractory ore with which we have been blessed is no longer a hypothetical formula. It has become a working model that is being scaled up to commercial production size. Company management and the board of directors have concluded that MG has spent adequate time and funds in conforming with industry standards regarding drilling and performing third party verification by analytical laboratories. Further expenditures at this time would be in conflict with the Corporate mission statement.The proven technology of Johnson, Lett & Company (discussed in the February 16, 1999 press release) has placed MG in the difficult position of being unable to disclose full details and results of the "due diligence" with J/L technology without compromising security and confidentiality.”
February 8, 1999 President's Letter
“With a significant breakthrough in recovery of gold from refractory ore the possibilities of mining much less ore at much higher grades would produce economic viability with multiple profit margins. The seed of an idea that germinates from research and development needs encouragement and cultivation to go from a seed to a seedling and into a harvest. MG is encouraging and cultivating Johnson & Lett now to be able to reap a harvest in profits later.Our due diligence, assay and recovery work utilizing Johnson&Lett assay technology is part of our vision and goal to be able to identify the most probable mining target. The reason for our insistence on actual recovery of gold from refractory ore is in keeping with the vision and goals of MG. Assays are expenses not profits. Profits are only possible in recovery of precious metals from the actual mining of properties that we own, have claimed or lease. The MG press releases are material fact based on reliable, repeatable, reconcilable assay work done by reputable assay/analytical laboratories.”..
Press Release of April 5, 1999-- Completed the test run with one ton of ore from its Sinagua Cinder Cone Property. Utilizing the recently acquired Johnson-Lett technology, MG has recovered 1.73 ounces of gold from this bulk sample.
MG Natural Resources Corp. now holds fee simple ownership of the Pilot Plant. The structures, 3 acres of land and all of the equipment required to begin plant production were purchased with cash.
Board Members
James Rapisarda joined the Board of Directors on May 19, 1998. He has been in the securities industry since 1988 and currently manages over $50 million in assets for clients across the United States. Mr. Rapisarda is also President of Oracle Advisory Services. Oracle develops marketing and financial strategies for corporations and
individuals in the investment industry. Since 1991, he has been a member of the NASD board of Arbitrators. Mr. Rapisarda is an accomplished author and has appeared in a CNN special program entitled " Retiring Richer".
James C. Lanshe, who joined the Board April 5, 1999, has been admitted to practice law in Arizona, Kentucky, New York, Pennsylvania, the District of Columbia and before the Supreme Court of the United States of America. Lanshe has degrees from Georgetown (B.A.), Harvard (M.P.A.) and is a graduate of Cornell University School of Law.
He has taught securities law as an adjunct faculty at the Law School at the University of Louisville. Lanshe has been involved in various investment banking activities, served on boards of various public companies and currently serves as a consultant to a private Wall Street investment banking firm with offices in New York, Bermuda and London.
Austin S. Lett, who joined the Board April 5, 1999, holds a B.S. Degree from the U.S. Naval Academy and a Masters Degree in Business Administration from the University of Michigan. Lett is a partner in Bollinger, Wells, Lett and Co., a mergers and acquisitions consulting business based in New York City. Lett is founder and managing director of Summit-Manhattan Co., a New Jersey based private venture capital firm.
He has served as treasurer and chief financial officer of McGraw- Edison Co., a Fortune 500 New York Stock Exchange listed manufacturer of electrical equipment. For the past 16 years, Lett has been a major investor with several companies involved in the research and development of the technology required when working with refractory res. Lett has served since 1997 as a director of Johnson-Lett & Co., L.L.C., a private gold technology company.
MG Natural Resources Corp. at 1334 E. Chandler Blvd., No. 5, B-72, Phoenix, AZ 85048
Mike Amundson, president and chief executive officer, at 602/460-7842 or Fax at 602/460-6324.>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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