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: Char who wrote (3873)	5/27/1999 12:44:00 PM
From: Tim Hall	Read Replies (1) \| Respond to of 5143

Char, This should keep you busy for a while. If Chuca finds this site, no telling what will happen. VBG Tim smenet.org

To: Char who wrote (3873)	5/27/1999 12:44:00 PM
From: Tim Davies	Read Replies (1) \| Respond to of 5143

your probably right.. but how do they know , or feel that the cone is the same throughout if they havent sampled it. i certainly agree that its better just to go do it that to claim you are going to do it. i was just trying to get a picture of how they know its there. tim

To: Char who wrote (3873)	5/27/1999 1:45:00 PM
From: Claude Cormier	Read Replies (2) \| Respond to of 5143

<The company has decided to spend their money on increasing production rather than on proving the amount of reserves in the cinder cone.>> Time will tell if this is the good decision. With the kind of grade they have, they would only need to prove up 30,000 tons to get the $3M they need to expand. To prove this up would need 4 holes drilled at each corner of a 25 meters cube, for a total cost of $20,000....double or triple for COC with a Stratchona, MRDI or Lakefield if you want... that is still very cheap. As for the risk of seeing the J/L process exposed... there is very little. COnfidentiality agreement to exist. And even if there is a leak, the risk of another miner using it on a large scale is small to none. No reputable miners would risk a lawsuit. BTW, have they tried to see if the process is patentable. Looks to me that this should have been done a long time ago.