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

To: Paunch who wrote (2805)	2/17/1999 11:19:00 AM
From: Larry Macklin	Read Replies (1) \| Respond to of 5143

Paunch, It is absolutely possible that J/L would work on MG and not Naxos Ore.....i am not saying that it didn't work on naxos ore....What i am saying is that nothing even close to proof was given to naxos....What j/l felt was a good indication of proof, naxos felt needed more solid evidence......Naxos felt is was a mistake to give J/L lots of cash and options on results that could not be verified....results from mystery labs...lots of other reasons. J/L might be great for MG..it might have been graet for Naxos...just be careful. Larry macklin

To: Paunch who wrote (2805)	2/17/1999 11:32:00 AM
From: mark silvers	Respond to of 5143

Paunch, Dr. Johnson stood up in front of a crowd of people and said that his process could liberate what Austin Lett called "spooky gold" from something like 80% of the world's surface. (I realize how bizarre this sounds) If he now says that it works on MG property but not Naxos and you wish to believe his story, so be it. All I know is that he said this in front of something like 70-100 people, so I am not making it up. It later turned out that Naxos was in the other 20%(VBG) despite his very vocal and constant protestations that it wasn't. Mark

To: Paunch who wrote (2805)	2/17/1999 11:44:00 AM
From: Larry Macklin	Read Replies (2) \| Respond to of 5143

Paunch, It is really very simple. Lett asked Naxos to give him lots of cash and a good chunck of the company for non-verified ASSAY numbers. Naxos said" no, we need more proof and some recovery info". MG said yes. One thing that should concern you. Lett says he is tight with the MG president...been to hte house with the wife----same values, God etc.... Lett was also tight with jimmy john...jimmy almost handed over 1/3 of naxos to lett based on a process that PROVED NOT WORK. Better off to keep a little distance and stay objective. I have no idea if the current J/L process works....I hope it does...all Dirts would gain some credability....just be careful!!!! Larry Macklin

To: Paunch who wrote (2805)	2/17/1999 12:05:00 PM
From: Richard Mazzarella	Respond to of 5143

Paunch, that's my guess too. Nobody has been able to show anything from the playa clays (Naxos and LS Capital). I think that the mineralization there is Zeolite where a single ion of metal is pseudo chemically captured. The desert sands are more traditional with a combination of free metals and metal compounds that are difficult because of a leach shielding mineral matrix, but not as difficult as the Zeolite. The playa's a problem in micro physics and chemistry while the desert sands (Maxam, MG, and Global) are macro. And then again, I may not have the foggiest idea and be wrong. <VBG>