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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (4222)	6/16/1999 9:39:00 AM
From: Joe Hartenbower	Read Replies (2) \| Respond to of 5143

>> I am surprised you say this. << You wrote: >>When it comes to spending on a few drill holes (a small program of course), you say it is better to keep cash for production. Why should they spend money assaying concentrate rather than spending on production ?<< The reason a lot of us think or say that is because we are impatient. We realize that time is part of the ROI process. So maybe there is a compromise between the impossible situation in which one watches gold go down while having money invested in a long drawn out drilling, building billion dollar mines, mining and finally making money approach versus the "let's focus our resources on quickly making money". Looks like by the time that your traditional approach works, they won't be able to make a profit. Not true in the case of MG. I sit around watching gold prices go down the toilet, third world dictators screw things up, other third world countries take forever to do something that should be done quickly and then everyone buys on rumors and sells on news. Geezeeeeeeeee. I may go crazy waiting several months but that's easier and a lot more profitable than buying into your traditional recommendations. Time has proven that. I would rather bet on MG than the Peruvians letting MAN go through their process over the next 4 years. There is a classic example of third world risk. It's even so close to the border that if their natural enemies (the Argentina) start something up, more delay or it could be all over. Toss in weather and earthquakes....geezeeeeeeeee. Remember how long the embassy thing delayed the program? So, I hope that answers your rhetorical (or are they simply sarcastic) questions. Joe

To: Claude Cormier who wrote (4222)	6/16/1999 10:57:00 AM
From: Victorio	Read Replies (2) \| Respond to of 5143

Claude When IPM was was drilling and trying to classify the 1KM parcel as a resource you and others clamored that it made no difference as they could not economically extract because they lacked a process. Now MG is trying to prove up a process to be economical and you constantly state that they should be proving up a resource. They will get where you want them to be in time but first want to prove up the process. How about some patience that you seem to give to all your other juniors whether they are trading or not?