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

To: kidl who wrote (1300)	5/18/1999 5:14:00 PM
From: Gord Bolton	Read Replies (2) \| Respond to of 1707

"The Rendell-Jackman claims, which are part of the Hammerdown Property, hosts the Hammerdown and Rumbullion gold deposits. Under the terms of a Letter of Intent dated July 6, 1998 (see news release 98-23), McWatters may earn a 50% interest in the Hammerdown Property by making cash/share payments totalling $1 million to Major General and completing a bankable feasibility study within 12 months of signing the formal agreement. Resource estimates by Company geologists have outlined a drill indicated resource of approximately 356,000 ounces of gold in 614,000 tonnes grading 18.01 g/T Au (0.52 oz/t Au) at a cut-off grade of 5 g/T. In a scoping study completed by consulting engineers Fluor Daniel Wright in 1995, production costs are estimated at $150/oz gold at a production rate of 400 tonnes per day. TEL: (604) 685-5254 Major General Resources Ltd. FAX: (604) 685-2814" We should hear something on this report very soon. MGJ has paid out Battle Mountain Gold on the Rendell-Jackman claims. I think they will be announcing a mine there within a month. That little piece of property is worth .40 cents per share. Everything else is free. Despinassy will be a huge mine. What a joke-trading >400 thousand shares and sliding down 20%. Can anyone post up the trades for the day? Let's see who was shorting this one. MGJ could be bought today for 14 million dollars! MGJ's net gold at Hamerdown is $25 million dollars at todays price.