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


To: Richard Mazzarella who wrote (2626)2/5/1999 9:35:00 AM
From: Claude Cormier  Read Replies (2) | Respond to of 5143
 
<<IMO MGAU doesn't have the money to do a conventional resource determination at this time. It seems they will leverage themselves through production, maybe even generate enough funding for future conventional recourse development. >>

You should ask the question why it is such ?

Very few mining companies go that route... Why ? Because there is a better alternative...which is to raise money and explore. I agree that it is hard to do ...but when you have something that looks explosive..money come your way very easily.