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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Mr Metals who wrote (32213)	1/11/1999 8:17:00 AM
From: Char	Read Replies (1) \| Respond to of 34592

If anyone is looking for a small penny gold stock, check out MG Gold (MGAU) IMHO, this stock has huge potential. Check out the latest PR and the company web site for more info but here is a brief summary. biz.yahoo.com mg-resources.com This is a small company which currently has 12 million shares out. They have a producing marble quarry that will be making a profit by the 2nd quarter this year. The profits from the quarry should be able to fund the gold exploration efforts. They did some drilling a few months ago to on the quarry property to try to determine how much marble was there and they hit gold. Additional drilling was done to get an idea how much gold is here. The results of the drill program are expected shortly. Another property is the Sinagua Cinder Cone. As the PR states, a 70 pound bench recovery test provided extraction results in excess of 1 ounce of gold per ton. This cinder cone is conservatively estimated to contain 180-200 million tons. This will be a huge deposit. The Sticklizard property is a desert dirt property west of Phoenix. As the PR states, a COC there provided average results of .469 ounces per ton of gold. This property is 15 square kilometers. One square kilometer to a depth of 30 meters contains around 50 million tons. The property hasn't been drilled yet to determine consistency but if the results of the COC carry throughout the whole property then this will also be a huge deposit. I have never seen so much potential for a $.50 stock. I don't think it will be at this price long once people start to realize what's here. I currently have a position in this stock and plan to add to it as the company progresses. Note: Gold mining companies are normally valued between $10-$100 per ounce of reserves. I won't do the math but even at $10 per ounce this stock has enormous potential once the reserves are proven and the company shows the gold can be extracted profitably. Char