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Gold/Mining/Energy : ECHARTERS

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To: Tim Hall who wrote (2886)	9/2/1998 1:07:00 PM
From: E. Charters	Read Replies (1) of 3744

They (ME/TSE) are in operation and their current income is 1 million US per year. (annual report) The plan is to expand the plant and their projected earnings will be 2.5 million per year for their share per year. US dollars. A competent industrial minerals team is looking at this and it appears that of they raise the money this fall it will go ahead. In addition check out Avalon. It apprears that in prefeasibility they are looking at perhaps 12 million per year profit in Petalite alone. Looks to be about 2 year payback and no drawbacks to the project. Tantalum will be an extra. mailto:echarter@vianet.on.ca EC<:-}

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