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


To: Alan Vennix who wrote (3512)4/22/1999 3:43:00 PM
From: Claude Cormier  Read Replies (1) | Respond to of 5143
 
<<although I don't agree with Claude that
MGAU has to do all he recommends>>

The question is how will they attract the big buyers and obtain the credibility they need ?

If like Char suggested, they are succesful in reaching production of 5000 TPA of near 2 opt ore, they may have enough money in a year or two so they can increase again production and reach a level that will justify current market cap. Then with time, production and cash flows will increase, credibility and market attention will continue to grow.
And so will the markret cap.

Other than that, it they want to get market attention now, it seems to me that, now that they seems to be recovering high grade gold, all they need is one o rtwo big holes.

That is not an expensive proposition and seems to be the logical next step.