Maybe there is something to wait for in new Methods being developed at the post after this posts of yours ( J E C Post about Max Cooley working with Birch Mountain ) and read the TECH section below on my current IR Assistance relating i am doing with Rhombic, they are talking Rock Identification with new scanning techniques:
Rhombic Corporation
Symbol: NUKE
Exchange: OTC:BB
Suite 901, 1212 Howe Street
Vancover, BC V6Z 2M9
Ph: (604) 683-4864
Fax: (604) 683-4814
internet: rhombic.com
Investor Relations: Mike Skerry
tel: (604) 421-5543
fax: (604) 421-5532
toll free: (888) 821-6607
Shares outstanding: Under 30,000,000
Restricted shares: 9,500,000
Float: 7,500,000 + o -
Market Makers: DLCR, FRAN, HILL, MASH, MHMY, NAIB, NATC, NITE, OLIE, PBLC,
PGON, SHRP, SOLA, USCT, WDCO, WEIN
Certified Public Accountants: King and Weber, Phoenix, Arizona, USA.
Transfer Agent: Nevada Agency & Trust Company, Reno, Nevada, USA.
Incorporation took place in the state of Nevada on February 26, 1987, by the
predecessor company which was acquired by Rhombic Corporation on November 21,
1994.
Rhombic Corporation is a company engaged in the business of seeking and
acquiring proprietary technologies with applications greater than $100
million, with the objective of incubating them, and then bringing them to
commercialization. Rhombic scientists have developed several ground-breaking,
unique technologies.
Inertial Electrostatic Confinement Fusion Technology (IEC)
Dr. George Miley, who is a professor of nuclear, electrical and computer
engineering at the University of Illinois, has patented a neutron generator
(a fusion machine), currently in commercial production through an agreement
with Daimler-Chrysler Aerospace, which unlike any other fusion machine, is
small enough to sit on a desktop, can be switched on and off at will, and
which produces extremely minute amounts of radioactive waste. It is a small
metallic football shaped sphere and it's primary purpose is not to make
energy but to generate neutrons. Billions of them a second. Neutrons are
subatomic particles with no electric charge that have an extraordinary range
of uses such as: 1) To analyze materials, neutrons can be used to identify
most common elements in a matter of seconds versus chemical analysis which
can take hours 2) Neutrons help scientists to work out the structure of new
molecules and crystals 3) Neutron particle beams are being used for cancer
treatment and I have been told that the IEC unit has now surpassed 10^9 power
neutrons per second, which is powerful enough for that purpose 4) Mining
companies can use the neutron generator to spot impurities in ores while
still in the process of being mined 5) Specialized metal smelters will use
them to monitor the composition and quality of metal alloys in real time.
Other Practical Applications for IEC Technology
•Experimentation with fusion at university laboratories •Analysis of mineral
quality in the coal, cement and similar industries •Exploration for minerals
and oil •Detection of non-metallic antipersonnel mines (land mines)
•Combustion and gasification •Generation of electrical energy •Detection of
contraband at airports, bus stops, train stations and similar areas
Until now neutrons have been extremely dangerous and difficult to generate
and required the use of a nuclear reactor or a high powered particle
accelerator to do the job and neutron analysis could only take place by
utilizing the expert facilities of a very few specialised laboratories. The
IEC unit produces neutrons more cheaply and safely than existing methods.
According to John Sved, an engineer with Daimler-Chrysler Aerospace, the IEC
units are safe and easy to use which gives them an edge over other well
established neutron sources. The neutron generating sources in use now
contain radioactive gases such as Californium and have a risk of
contamination from radioactive isotopes. With the IEC unit customers can
avoid these risks because they are fueled by harmless deuterium, and the only
waste is helium-3 gas, a hint of hydrogen and negligible traces of
radioactive tritium. "A small IEC neutron generator could run for decades
without creating enough radioactive waste to exceed minimum regulated
levels," Sved says. "The machine could be completely consumed in a fire and
there would be virtually no concern about escaping radiation." Daimler-Benz
(Chrysler) plans to remove the tritium from the spheres safely each time they
are recharged with fresh deuterium.
Through Rhombic's wholly owned subsidiary, Rockford Technology Associates,
the University of Illinois has licensed the technology to Daimler-Chrysler
Aerospace (DASA) of Trauen, Germany, for which Daimler-Chrysler will pay a
3.2% royalty to Rhombic Corp. For the rights to develop, manufacture, and
market the IEC technology to the world. This agreement provides Rhombic with
a long-term royalty on all IEC sales in Europe, Asia, Africa, South America,
Australia, and New Zealand in the amount of 3.2% for each unit sold. Rhombic
is estimating that they will receive $5 million in royalties into the year
2000 (which does not include the much larger prospective income from
Rhombic's marketing rights in North America). The first units are expected to
ship from Trauen in the first half of 1999. The IEC units will be sold,
depending on size and use, for between $60,000 and $150,000 each - a mere
fraction of the cost of the nuclear reactors or particle accelerators now
being used to produce neutron beams. Rhombic Corp. will retain all rights
throughout North America and will be actively pursuing the sale of those
rights.
At $60,000 per unit x 3.2% = $1,920 per unit in royalties to Rhombic. At
$150,000 per unit x 3.2% = $4,800 per unit in royalties to Rhombic. Not bad.
2,604 units at $60,000 per unit would yield $5 million in royalties projected
over 1 year. 1,042 units at $150,000 per unit would yield $5 million in
royalties projected over 1 year. To make $1 million in royalties for Rhombic
on the $60,000 unit Daimler would only have to sell 521 units. And on the
$150,000 unit only 208 units would have to be sold. None of these appears to
be an unattainable goal. The only hitch has really been a nearly one year
delay in getting everything ready for marketing due to the merger of
Daimler-Benz with Chrysler.
My understanding of the contract is that Daimler would make an accounting
about 6 months after initial shipments began. We have the first payment of
royalties which was announced on May 20, 1999. It is a couple of months
overdue but it has been received. This means that shipments have begun which
is another milestone.
Special Update - On May 20, 1999, Rhombic announced that it had received its
first annual report in accordance with the 1996 license agreement between
Daimler- Chrysler Aerospace (DASA), the University of Illinois, and its
wholly owned subsidiary Rockford Technologies (RTA).Highlights of the repor...//
P.S.- Disclosure on file at PPs at S.I. for member to view or non members my see:
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