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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)
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To: Victorio who wrote (3466)4/22/1999 11:18:00 AM
From: Claude Cormier  Read Replies (2) of 5143
 
<<MG will deliver the gold to the banks as production is geared up>>

They will still need to make a case to the banks. Jumping from 10 to 100 to 1000 tons a day will need millions. At some point you must go for the big ticket and raise the $$. And for this you need to prove that you have enough reserves to generate the cash flows to reimburse.

Growing progressiveley from a 1 ton pilot plant into a 1000+ tons per day without major financing is not realistic.
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