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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)
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To: Tim Davies who wrote (3829)5/25/1999 11:12:00 AM
From: Char  Read Replies (1) of 5143
 
Tim, the company takes the ore up to the concentrating stage and then it gets sent to the refiner for smelting and refining. Do to the current bottle neck with the refiners, MAGU will smelt some of the concentrate themselves into dore bars. The dore bars will then get sent to a refiner where they will separate the metals and then pay them for what's there. It just means that there will be one less step the refiner has to do so it should speed up the process. MGAU is limited in this capacity and therefore outside refiners will still be required as production increases.

Char
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