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: Claude Cormier who wrote (3885)	5/27/1999 2:13:00 PM
From: Joe Hartenbower	Read Replies (2) of 5143

Claude, I think I am missing something. >>With the kind of grade they have, they would only need to prove up 30,000 tons to get the $3M they need to expand. To prove this up would need 4 holes drilled at each corner of a 25 meters cube, for a total cost of $20,000....double or triple for COC with a Stratchona, MRDI or Lakefield if you want... that is still very cheap.<< If they can self finance out of warrants and cash flow and they are truely concerned re security, why in the world would they want to spend the money and expose themselves by drilling and doing all the disclosure that would be required? Obviously, some checks will raise the price probably enough to quickly get on the Nasdeq. If you are producing more then you are spending, isn't that the name of the game? As it increases, people will have the choice of capital gains or dividend income. I really don't understand why they have to prove anything to anybody. The ultimate credibility is doing what you said you would. >>As for the risk of seeing the J/L process exposed... there is very little. COnfidentiality agreement to exist. And even if there is a leak, the risk of another miner using it on a large scale is small to none. No reputable miners would risk a lawsuit.<< Yea, right. Those idiots in Indonesia will protect our rights, NOT. How about your Greek friend.. ah..... the guy at Regina. Guys like Bill Jackson and all the rest of those crooks can be trusted about as far as you can throw them. You might as well give your check book to Groggins. So far I havn't found any trustworthy miners (except Mike). Joe (just MHO)

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