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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation

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To: Ga Bard who wrote (1680)9/10/1999 1:49:00 AM
From: Jeffrey S. Mitchell   of 2392
 
IMO, the test will produce only two results: 1) It works, or 2) It doesn't work and HABE says they need to refine it a bit for the next test which will take place in x months.

Unless the test is deemed a miserable failure, which I doubt since only "friendlies" will most likely be present, I think #2 is more likely and probably the best thing for shareholders as people like you will claim they are "oh so close" and thus "now" would be a great time to buy.

Ironically, should the test be a complete "success", I see no reason why HABE will give a hoot about ORXX when, supposedly, the entire world of gold mining will be their oyster. If Don Blackburn really has many more properties that could benefit from the HABE process I see no incentive for him to mess around with tiny ORXX when he can sell to one of the big boys or get money to mine them himself.

However, judging by the share price of HABE it doesn't look that HABE shareholders are too confident their technology will work commercially. If it does, there's no reason why others couldn't, as you termed it, "reverse engineer" it and not have to pay a penny to HABE. All in all, it appears not conclusively demonstrating anything appears to be in everyone's best interest. (g)

- Jeff
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