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

To: Ron Everest who wrote (95)	6/2/1999 3:06:00 PM
From: Tom McIlwain	Read Replies (1) \| Respond to of 103

Ron,Rand: That seems like great news, but there doesn't seem to be much of a reaction on the markets. That would tend to indicate to me that they still have to arrange financing for the project - would that be the case? I just couldn't see the stock trading at this price otherwise. I was particularly intrigued by the statement: Salzgitter has offered to complete the entire project with consortia partners on a "turnkey basis" due to their confidence in the mining and process technology. As well, Salzgitter will provide full process guarantees and ensure the implementation of an operating team.' Am wondering what the scope of this offer is. Any thoughts? I see the company has a website now and an 800 number, so I may give them a call some time this week. Tom