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


To: Richard Mazzarella who wrote (4226)6/16/1999 11:03:00 AM
From: Victorio  Respond to of 5143
 
Richard Very True. If we were proving up a resource they would be clamoring that we could not extract economically......vicious circle.
Time will tell all!!



To: Richard Mazzarella who wrote (4226)6/16/1999 11:50:00 AM
From: Claude Cormier  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. >>

Richard... I guess it is a question of defining what is a speculation.

Keep in mind that MGAU has a market cap of US$25M. Juniors with that kind of market cap have either proven reserves, a few millions in the bank.. an operating mine or that kind of stuff. Companies with properties where no resources have been established.. are selling much lower. I am sure you can come up with many examples.