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Gold/Mining/Energy : Altair Nanotechnologies
ALTI 4.797+2.5%Dec 24 12:59 PM EST
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To: Kailash who wrote (498)9/23/1998 9:37:00 AM
From: John S. Baker  Read Replies (1) of 603
 
they'd better get going quickly, before they run out of money. Aren't they left with just four million after buying back the convertible? Heck, they're at least testing now, but what's it going to cost them to start production?

If memory serves, the company has never planned to fund the commercial development of the Camden property. Rather they anticipated completing the feasibility studies and then partnering with a major mining company to do the actual commercial extraction (using the jig, of course).

Even so, burn rate is of concern.

JSb.
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