We investigate the energetics of the electron-hole liquid in stoichiometric
divalent-metal hexaborides. The ground-state energy of an electron-hole pl
asma is calculated using the random-phase approximation and Hubbard schemes
and compared to the binding energy of a single exciton. Intervalley scatte
ring processes play an important role in increasing this binding energy and
stabilizing a dilute Bose gas of excitons.