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Gold/Mining/Energy : Altair Nanotechnologies
ALTI 4.150+4.8%Jan 14 3:59 PM EST
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To: John U. who wrote (124)12/3/1997 6:04:00 PM
From: jas singh MD  Read Replies (1) of 603
 
Good evening John,
As you know, ALTIF is based out of Cody,WY. I think that the broker your partner spoke to needs to do his homework. It strikes me that he gave your partner an off the cuff analysis of the company based on the Bre-x scandal. What we are buying into is more of a technology play rather than a mining company. Although I agree that the Tenn. property will bring in tremendous profits for the company, lets not forget that it is the technology of the jig that will enable us to mine that property.
Over the short term, I believe that we will go higher and maybe even touch the 20s and then some profit taking will probably lower us into a trading range between $16-19 (IMHO). Having said this, I believe that further mo will be provided once a working relationship with a major mining firm is established. This will allow us an opportunity to appreciate the true potential of this property.
Finally, lets not forget that ALTIF can also benefit tremendously through liscensing its technology. We all know about the recent agreement that ALTIF signed with a major mining firm who by the way knows the Tenn. property very well.(I believe that they actually tried to mine the property a number of years ago without much success.)

Sincerely,

Jas
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