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

To: Claude Cormier who wrote (3471)	4/22/1999 11:50:00 AM
From: Char	Read Replies (1) \| Respond to of 5143

Claude I believe the pilot plant will be producing at 100TPW within a month or two. That would be 5200TPY X 1.73 oz ton X $280/oz =$2.5M Allowing $100/ton for processing cost still leaves $1.5M. I don't know what the processing cost will be but I figure $100/ton is a reasonable estimate. I would think that any bank would lend money based on this cash flow. FWIW, I would also expect the marble quarry to add another $1M to the bottom line. You can ask lots of questions for which we don't have the answers yet. The AGM is in two weeks and I expect at that time we will get them. Maybe after that you will have a different impression of the company. Char