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Gold/Mining/Energy : PYNG Technologies
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To: m. jacobs who wrote (3928)5/31/1999 12:30:00 AM
From: Jack Rayfield   of 8117
 
Mr. Jacobs

Thanks for correcting me. That does make a difference, so a simple back of the envelop cashflow projection sans production ramp up would say that 2 years of cash remains using the US GAAP number as being more indicative of true cash use. As I have said before I think that Pyng is doing a very good job of controlling expenses.

Thanks for your clarifiation.
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