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

To: Victorio who wrote (4225)	6/16/1999 11:01:00 AM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 5143

CR, many seem to want the full value facts for a $100 stock, but not pay a dollar on speculation. Nothing new in that. <VBG>

To: Victorio who wrote (4225)	6/16/1999 11:42:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 5143

Hello Chris. <<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. >> Sorry, this has never been my main argument (and I don't recall using it as an argument). My point has always been that they had no resource cause they were not able to have there stuff assayed by conventional methods at reputable houses and they couldn't get constant results. <<Now MG is trying to prove up a process to be economical and you constantly state that they should be proving up a resource. >> All companies do this in one way or another before they spend the big do's on drilling. They do metallurgical tests to confirm that the metals can be recovered in economic quantities using a specific process. These tests come very early in the exploration process to make sure they don't start spending shareholder's money for nothing. In that sense, I have nothing against MGAU pilot plant trying to recover gold from 1-5 tons samples. What doesn't seems to make sense is to go to commercial production before you know how much reserves you do have. Don't you think this is an unacceptable risk to shareholders, if not, let me know your arguments.