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

To: Claude Cormier who wrote (3859)	5/27/1999 10:36:00 AM
From: Char	Read Replies (1) \| Respond to of 5143

Claude >IOW, in order to make sure that you have an orebody of X tons, you must do enough exploration to prove that X tons exist and that they contain X quantity of recoverable metals per ton. You must also do a study that will confirm that the metals can be recovered at a profit in a commercial operation. < This sounds more to me like a definition of reserves rather than a definition of ore. I don't believe MGAU has ever stated that they have reserves. Char

To: Claude Cormier who wrote (3859)	5/27/1999 12:00:00 PM
From: Tim Davies	Read Replies (2) \| Respond to of 5143

i believe that the generaly acepted circular calls for a 25 meter (yd) grid to move rom probable to proven. and less than 25 meters would put the resource as infered. ill find the circular tim

To: Claude Cormier who wrote (3859)	5/27/1999 12:37:00 PM
From: Joe Hartenbower	Read Replies (1) \| Respond to of 5143

>>Ore. The naturally occurring material from which a mineral(s) (metal) of economic value can be extracted at a reasonable profit.<< Because of the already lower and the on going decreasing prices of gold, copper, etc., it strikes me that many of the traditional mining companies should be experiencing a reclassification of proven ore reserves to crap, worthless dirt, worthless rock, etc. This should happen whenever the miner does not turn a profit. However, I never seem to read about that???? I wonder if those companies are now in violaton of some law? As always, Joe