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

To: geoffreycs who wrote (4306)	7/1/1999 12:47:00 PM
From: Laser	Respond to of 5143

The following is an excerpt from the Presidents' Letter dated Feb 8/99: "Our due diligence, assay and recovery work utilizing Johnson&Lett assay technology is part of our vision and goal to be able to identify the most probable mining target. The reason for our insistence on actual recovery of gold from refractory ore is in keeping with the vision and goals of MG. Assays are expenses not profits. Profits are only possible in recovery of precious metals from the actual mining of properties that we own, have claimed or lease." So, Mr. President, it looks like you screwed up big time by not taking the refining aspect into consideration or does the production of soup constitute the "actual recovery of gold" as you put it? Looks like a very misleading statement imo.