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

To: Victorio who wrote (3358)	4/13/1999 1:51:00 PM
From: mark silvers	Read Replies (1) \| Respond to of 5143

CR I am more than willing to drop this, but for you to say that any revenues are more than potential revenues at this point, is entirely misleading and you know that. I am going to unilaterally drop this, you can have the last word. I didn't mean for this to be anything more than letting you know you cn back into the cost for J/L now. Obviously, it is a sore subject with you, based on your response(methinks you doth protest too much). Mark

To: Victorio who wrote (3358)	4/13/1999 1:56:00 PM
From: Alan Vennix	Read Replies (2) \| Respond to of 5143

Rick, He also said that they had 1000 yrs of reserves, or something to that effect. I doubt that J/L will wait that long for their payout, so the 2.5 cents per ounce may not be too meaningful. Using Mike's earlier estimate of 200 MM tons at 1 oz/T, and the current estimate of 0.025$/oz, yields a payment to J/L of $5MM. With gold at $280/oz, this represents a revenue-equivalent of some 18,000 oz of gold. At 100 T/D (not an unreasonable target for the future), and 1 oz/T, this would be about 1/2 years production equivalent. Not an unreasonable amount, but not insignificant either. FWIW Alan