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

To: Claude Cormier who wrote (3891)	5/27/1999 7:43:00 PM
From: Joe Hartenbower	Read Replies (3) \| Respond to of 5143

I'm sorry Claude, I still don't think you understand. (long message) >>Well first, they would get to full production at 1000 tpd much faster as it is far from obvious that they will have the $$ to do it in the next year...and second, they would gain credibility on the markets and the stock would be where it should be given such numbers...i.e. much higher...for the benefit of all shareholders.<< Read my words... $$$ is not an issue. They have enough and/or are willing to wait until they have it. They don't want to play the typical small mining company game of going in hock, taking longer to produce, etc. They are not trying to drive the stock. They are trying to make money. Once people understand that and SEE that they are making money, it will be a great ride. This is what the stockholders like about the company. The company doesn't have to get the stock up so they can come out with a private placement that will finance the company but dilute the stock (ala MAN and so many others). >>As for security of the process... I think it is not a problem...and who cares since they may have a huge resource worth so many billions. They will be able to afford the most expensive lawyers, if needed.<< Wait a minute. I think it's likely that the process is the most important thing in this whole deal. I think security is the most important consideration. Why take a chance? What good will a conventional fire assay do when they are going to use a different process. Besides Claude, maybe there are some other metals. >>And if security is so much a problem...well they can have the stuff assayed by conventional methods and still be able to prove a meaningful mineable reserve at a low cost.. << Claude, one more time... this is not BEMA, MAN, etc. Why do they need to have the stuff assayed? That's not there model. That's your model. >>This stuff returns .20 opt in the sweet spots, with conventional assays.. Well drill a small area of 75 meters by 75 meters to 25 meters depth... prove up 50000 ounces...with standard COC, get $3M from the bank or any broker (they would rush to give you this money) and recover 350,000 ounces with the J/L process.<< Claude, I think you are hooked on the BSing, hyping, "promoting so we can to more drilling" traditional industry approach. I'm not sure it will ever work again. If, using technology, a company can start producing NOW. Why wait for all those thieves in the night to do their thing and IF it comes in, take another 2 or 3 years and 1.5 billion dollars to get into production. Think about it... how long has it taken for MAN to get the TG deal going and they are just now drilling. Throw in the winter down there and the fact that if the two countries get upset with each other and start shooting, MAN will have to jump in the trenches (within 50 miles of border). Now let's assume that the millions of dollars worth of drilling are successful. Next they will dilute the stock even further to build the mines. After two years, no war, etc., they will be able to produce (maybe), mean time they can't produce gold at a profit any more, copper, lead etc. is dropping..... geezeeeeeeee. All the while MGAU, starting soon, is netting millions per year, all year, no war, no winter, etc. Talk about risk, I'll take MGAU. Talk about ROI, I'll take MGAU. Talk about 3rd world screwups, I'll take MGAU (even if the ROI would be the same and it won't). Come on Claude invest a few dollars. You don't want to miss a sure thing, do you? ;-^ As always, Joe