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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)
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To: Alan Vennix who wrote (4697)10/14/1999 5:16:00 PM
From: Karl Zetmeir  Read Replies (2) of 5143
 
I interpreted "low grade" to be relative to what they could have used.

Note this does not say it came from our Sinagua property ... though it may have.

I guess expendable means if they fouled stuff up and had to throw it away ... it wasn't any big loss. But I'm probably wrong ... it more likely is a mining term meaning something else.

By my very rough estimates ... this looks like about $2,000 per ton of head ore. Not bad for "low grade!"
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