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

To: mark silvers who wrote (2582)	2/4/1999 5:39:00 PM
From: Karl Zetmeir	Read Replies (2) \| Respond to of 5143

>>All the ore used in all of the tests started with ore that was processed by mgmt? I know this will get people upset, but if that is what they are saying, there is no COC.<< I think this is exactly what they meant ... And while it may not be optimal CoC according to some International Mining Standards ... it is a CoC in that J/L nor anyone else went near the material. Again ... it comes down to placing some trust in Mike and the Crew. The market is speaking ... and speaking loudly with 170K shares traded today and up +32%! Wake up ... there are NOT going to be resource calculations in the immediate future ... there is NOT going to be Chain of Custody by Strathcona in the near future ... there is NOT going to be undeterminable delays before we see some positive cash flow from a pilot plant! What there is going to be is a profitable pilot plant churning a healthy positive cash flow by mid year and proving the scaleability of the J/L process that is underpinning this winner! You can sit on the sidelines and wring your hands over "conventional mining protocol" ... and you can watch this stock soar ... your choice! This stock is not a Bre-X ... it's in the good ole USA ... and I can't imagine for a minute Mike wants to spend the rest of his life in an 8X10 with Bubba! <G> The important part of this release, if you believe Mike is not a crook ... is now we're talking about recovery assays from bulk sampling. And the assays are nothing short of fabulous! In a mining world where mines are built on .004 opt, how does 175X that amount at .7 opt sound? Sounds great to me!

To: mark silvers who wrote (2582)	2/4/1999 5:50:00 PM
From: Char	Read Replies (2) \| Respond to of 5143

Mark This wasn't a COC. This was a test by MGAU management, that was done independently of J/L, to prove to themselves that the J/L process works. You wouldn't expect MGAU to sign any agreement with J/L until they were satisfied themselves that the process works. Now that they have satisfied themselves, they can start working on satisfying the stockholders. Everything takes time. Of coarse by the time they get around to satisfying you the stock price will be a lot higher but everyone has to be comfortable with their own investment decisions. I hold a lot of this stock and am sleeping very well at night. Char

To: mark silvers who wrote (2582)	2/4/1999 7:27:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 5143

Mark, the COC is MGAU's management due dilly on the J/L process. Seems the J/L process gets more out of the ore than the original assays, see mg-resources.com . From the press release it sounds like MGAU isn't going to screw around with resource determination, just get at the mining. I would still like to know the ball park cost of what the J/L process costs per ton ore or oz metal recovered. Management must believe it cost effective if they are now willing to build a plant.