Actually, never mind. Looks like precompilation is not supported yet.
Googling shows they may work on it post 1.0. On the other hand, one of
the developers came up with a workaround that will work for us since our
needs are minimal. We are just going to zip and encrypt for now and we
can unzip and run in memory from a small C# app. Also, if someone
really needs a DLL you can use rubydotnet.
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