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Gold/Mining/Energy : KASTEN CHASE APPLIED RESEARCH.

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To: Sili Investor who wrote (586)	3/1/1999 12:23:00 PM
From: Professor Dotcomm	of 1247

30 to 60m contracts towards the end of this year seem a bit rich to me. However when the full NY contracts are rolled out next year and 2001 onwards and if (a big if) KCA can take 8-10% of the resultant revenues this should approximate to some US$25m to US$35m annually for each of the next ten to fifteen years. Nevertheless the real twist is whether New York's novel way of awarding contracts will have the effect of making KCA's product a world industry standard. I know that many of the world's subway systems are facing the same obsolescence problems as NY. As these revenues are still some time away, I think it is normal that dealer research coverage has been put on hold. Dotcomm

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