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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)
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To: Char who wrote (3456)4/22/1999 10:18:00 AM
From: Claude Cormier  Read Replies (3) of 5143
 
<<I don't think you understand what Claude wants. He wants to see the whole crater drilled every 50 feet and then assayed every 5 feet.>>

Drilled every 75 to 100 feet will do.

That is the one way to prove up they have the kind of tonnage and grade they say they have. Another way would be to take several large bulk samples to reach a total of 10,000 to 20,000 tons and recover the gold on this... Either way..they needs millions.

And if they don't do it..well then tell me how they gonna justify a higher value for their stock. Turning out a few checks here and there, even if they are of several thousands bucks will not help justify a market cap of US$20-$30 millions.

<< Until he sees this, which IMO,
he never will>>

Why ? Is there a reason the company would not drill this to prove to the banks they have the gold ??

CC
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