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 (3923)	5/28/1999 1:39:00 PM
From: Joe Hartenbower	Read Replies (2) of 5143

Claude, I am sorry. I guess I was thinking of all the others. >>First MAN is an operator, produces 25,000 ounces of gold a year and have positive cash flows (several times what MGAU will have in 99). They will be producing for 10 years there...and will benefit from the higher gold prices that are coming. They also have more than 1 million ounces of resources on their other Mexican properties.<< I thought they had shut down Morris and others and their costs were too high given your definition of Ore (profit) and the obvious drop in gold. >>Their properties in Peru are huge and have a lot of potential. One of them has one anomaly with drill-indicated resources of 42M tons with a metal value of $3 billions. IOW, we know what is there.<< CC, I guess I have learned not to be so sure about reserve drilling, COC, etc...... especially in thrid world contries. I know there is suppose to be a lot of potential... but I can't see it because it is still in the ground and the whole thing has taken much longer then everyone thought! >>MAN has no debt with $4M in the bank.<< Of course no significant debt. However how mouch have they deluted the stock to get this property and to finance themselves? BTW, where and how are they getting future operating money? ;-) >>MAN current market value is well supported by its assets. When you can say the same about MGAU US$50M market cap... let me know.<< Claude, so was BXM. I hope you are right because you have encouraged a lot of people to buy and hold and hold and hold and hold. I've seen the MGAU metal. Haven't seen MAN's. Claude, I've learned one thing in the last few years...... seeing is believing, not seeing means beware. Looking forward to seeing some MAN metal and a lot more MGAU. Your friend, Joe

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