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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)
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To: Joe Hartenbower who wrote (3889)5/27/1999 3:04:00 PM
From: Claude Cormier  Read Replies (1) of 5143
 
<<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? >>

Well first, they would get to full production at 1000 tpd much faster as it is far from obvious that they will have the $$ to do it in the next year...and second, they would gain credibility on the markets and the stock would be where it should be given such numbers...i.e. much higher...for the benefit of all shareholders.

As for security of the proccess... I think it is not a problem...and who cares since they may have a huge resource worth so many billions. They will be able to afford the most expensive lawyers, if needed.

And if security is so much a problem...well they can have the stuff assayed by conventional methods and still be able to prove a meaningful mineable reserve at a low cost..

This stuff returns .20 opt in the sweet spots, with conventional assays.. Well drill a small area of 75 meters by 75 meters to 25 meters depth... prove up 50000 ounces...with standard COC, get $3M from the bank or any broker (they would rush to give you this money) and recover 350,000 ounces with the J/L process.

What is wrong that ?
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