Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Richard Mazzarella who wrote (3463)	4/22/1999 11:10:00 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 5143

Richard, Granted... It is not easy to obtain financing these days. Still, when you have a good case, deals are made... every week! And MGAU can build its case by simply having a reputable 3rd party reviewing the entire recovery process with samples taken from a few drill holes. This is not an expensive program. DO you really think that MGAU would have problems raising cash if a BD, MRDI or Lakefiel Research would confirm the validity of the J/L process and the extremely high grades recovered from Sinagua. As for leveraging their production..they can do it to a certain limit. They can probably finance some future exploration. But there is no way they can grow this into a hundred thousands tons per year operation. At some point they need the millions. That is why no mining company choose that route. There is only one way: Prove you have the goods and that you can mine them at a profit...and the doors to financing will open. << At some time this company could be evaluated just based on earnings, not reserves.>> If this is true, MGAU is way overvalued now and with their current model, they will stay overvalued for years.