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

To: Karl Zetmeir who wrote (2508)	1/29/1999 11:15:00 AM
From: mark silvers	Respond to of 5143

Karl, That is the reasoning I had heard attributed to J/L. <<The blanks had only been treated to standard fire assays.>> However, if you take away your investment and think without a monetary motivation, someone claiming to be retrieving gold from blanks has to make you nervous and very doubtful. That was the same process that Byron Russell (brought in by J/L to look at their process) determined that it had little value. the same process that they said was recovering gold from blanks was determined by their own expert to be adding little or no value. These are things that I have heard, and it is my understanding of the situation. Again, I hope you make a ton of cash on this stock, I just hope you do it without enriching J/L. Mark

To: Karl Zetmeir who wrote (2508)	1/29/1999 11:17:00 AM
From: Henry Volquardsen	Respond to of 5143

Karl, I have thought about that question quite a bit. I am willing to accept the possibility that precious metals might in fact not be rare and precious. That in fact they are quite commonly available and it is a technical problem to device efficient techniques to extract them. In fact I believe that is probably the case and at some point in time we will have such an excess of 'precious' metals that they will become little more than industrial metals. That said what really bothered me about the spin from the J/L camp and how convenient it was. It was one in a long line of very convenient answers. I am willing to accept problems and delays while researching a new process. But with the J/L people, every time there was a problem they had an answer ready, and usually one that implied ever more riches ahead. To convenient. Henry