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

To: Char who wrote (3467)	4/22/1999 11:31:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 5143

<< 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. >> Char, increasing production capacity is not something that can be done progressively weeks after weeks. You cannot add every week a 1-ton pilot plant. At some point you go full commercial with a large tonnage plant (500, 1000 or more tpd) or you continue to generate the small checks with your small pilot plant operation. That is when you need to raise the $$. <<They don't feel they have to waste the money on a drill program. Stock price will be based on recovery and cash flow.>> Well to justify current stock price, they need cash flows of $1-2M per year. Can you tell me in how many years they will have those cash flows if they don't obtain financing ?