Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Major General--MGJ -- Ignore unavailable to you. Want to Upgrade?

To: UPTICK who wrote (1294)	5/17/1999 8:19:00 PM
From: Gord Bolton	Respond to of 1707

Are you referring to the CF results from the Snowy Owl when you are talking about hte 12 meter intercept? elandjennings.com Pacific International Securities had a buy on MGJ with a target of $.80 based upon speculation about the V.I. Diamond play alone. I have to admit that the MGJ chart is very spikey but we just might have the 1999 ARP and WSP together for .40 cents. Spider Lake base metal drilling is just around the corner and dare I say it--DML just announced that they have raised some more cash for the nickel hunt. No one should underestimate the potential of the Despinassy Gold. This zone is huge and the intersections indicate profitable mining even with the POG where it is. While some Central Banks are selling Gold the private Canadian Banks are saying $330 per ounce by the end of the year. I believe that last fall sometime we calculated that the MGJ Newfoundland gold (where is the feasibility study that McWaters is working on) would justify a .40 share price for MGJ. If we see some money floating back into the resource sector we might see MGJ attain a very significantly higher share price.