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

To: Claude Cormier who wrote (3462)	4/22/1999 10:28:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 5143

Claude, IMO this little company has been pretty successful so far with their model. No debt, self funded, not bad in an uncertain metal resource world. After Bre-x, DELGF, and especially the politics and problems with IPM, funding for a drill program is not that easy IMO. If they get checks that create profit (profit = sales - costs), they can leverage increased production. At some time this company could be evaluated just based on earnings, not reserves. That is stock valuation based on P/E or cash flow. That would be no different than investing in other companies that create products, they can make money or they can't. I know this isn't your concept of a mining company, but it's a model that has possibilities. I think we shall soon see Maxam adopting an equivalent model.

To: Claude Cormier who wrote (3462)	4/22/1999 10:47:00 AM
From: Victorio	Read Replies (1) \| Respond to of 5143

Think of bottom line $$$. No longer is MG an exploration company. They are a dime a thousand. It is now a production company. Producting NOW! It's the way these desert dirts should have gone all along. MG will deliver the gold to the banks as production is geared up. I expect also that MG will be processing many, many types of HIGH grade ore coming from many sources. :-) CASH FLOW!! PROFITABLE!! Refreshing to see you are not advocating SFA...as the one and only answer.

To: Claude Cormier who wrote (3462)	4/22/1999 10:55:00 AM
From: Char	Read Replies (1) \| Respond to of 5143

Claude > Turning out a few checks here and there, even if they are of several thousands bucks will not help justify a market cap of US$20-$30 millions. < I don't think you are getting the point. It won't be a few checks here and there. It will be one a week and they will get bigger and bigger as they increase production. >Why ? Is there a reason the company would not drill this to prove to the banks they have the gold< Read the last presidents Letter. They don't feel they have to waste the money on a drill program. Stock price will be based on recovery and cash flow. Char