Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) Message Board

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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)

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To: Tim Davies who wrote (3872)	5/27/1999 12:32:00 PM
From: Char	Read Replies (4) of 5143

Tim MGAU never said they had Proven Reserves or even Probable Reserves. What they have said is "We have had engineers estimate the weight of the mountain and we are comfortable with a figure of about 196,000,000 tons. We are confident that we are able to recover over an ounce of gold per ton of ore." If you are looking for Proven Reserves then you are looking at the wrong stock because you aren't going to get it here. The company has decided to spend their money on increasing production rather than on proving the amount of reserves in the cinder cone. This is a new way of doing business and it's not to everyone's liking but that's the route the company is taking. Personally I like the idea. Char

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