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Gold/Mining/Energy : Magnesium Alloy Corp. (MGAC.U - Cdn unlisted) -- Ignore unavailable to you. Want to Upgrade?

To: Tom McIlwain who wrote (46)	8/17/1998 6:14:00 PM
From: GlobalMarine	Respond to of 103

Tom: There is no futures contract for magnesium, so prices are hard to get. You can buy magnesium at spot price or under contract, but it's tough for us mere mortals to obtain such prices. Rand

To: Tom McIlwain who wrote (46)	8/31/1998 2:18:00 PM
From: GlobalMarine	Read Replies (1) \| Respond to of 103

Tom, Ron et al: I spoke to Bill Burton today and the fundamentals keep improving: 1) The feasibility study for the hydro dam is being paid for by an outside contractor at no cost (no cash, no shares, no warrants, no nothing) to MGAC, as they are interested in being the contractor to develop the dam. 2) Drill is en route to the site. Drilling of the two holes will start in a week or two. 3) Pre-feasibility scheduled to be completed January, 1999. 4) At completion of pre-feasibility, the company will still have plenty of US$ in the bank. 5) Good progress being made arranging financing for both the plant and hydroelectric dam. Rand