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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) -- Ignore unavailable to you. Want to Upgrade?


To: DavidCG who wrote (1956)9/24/1998 3:25:00 PM
From: Laser  Read Replies (2) | Respond to of 5143
 
DavidCG,

The quarry is adjacent to an old mine that produced a whopping 153,000 oz of gold in total. MG has hit a small zone of mineralization. The assay results are pending and hence the reason for the exuberance. Look for a short lived rally as there is a bit of paper to come out. The company is getting as much mileage as possible as you can see by the press releases. Finding small gold occurrences next to old producers is nothing new, but they are non-economic at today's POG. It's an old trick in the penny stock promotion biz.
I don't know the what the current float is, perhaps someone else could help out.