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

To: Richard Mazzarella who wrote (2187)	12/10/1998 11:25:00 PM
From: Karl Zetmeir	Read Replies (3) \| Respond to of 5143

Richard ... You know a mine has to start somewhere ... 1000' ft of mineralization ... even though in thick and thin layers is still meaningful when it assays .5 over the drill. Sure ... there's a lot more drilling to do to prove a reserve ... but I'm sure they didn't get lucky and just happen to hit the 1000 footer with nothing around it! <G> As far as the affiliation with IPM ... keep in mind that Mike pulled this thing out of any relationship with IPM as quickly as he could. Mike is a hands on businessman who is totally focused on making this thing happen. As far as the J/L negotiation goes, I don't see how you can figure anyone with a workable solution to complex mineralization to be a negative. I've never been a fan of Naxos (although their stock did very well today!) and am not surprised J/L isn't working with them anymore. If Mike can keep the cash flow going with the Marble to fund the rest of the exploration ... that's one hell of a long ways off from the wannabe miners who think they can just go to the well of investors one more time with one more dog and pony show. We'll see. MGAU may be our salvation in all desert dirt fiasco.