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Gold/Mining/Energy : RADAR ACQUISITIONS CORP. RAC ON THE A.S.E. -- Ignore unavailable to you. Want to Upgrade?

To: rdww who wrote (30)	10/26/1999 6:12:00 PM
From: beach$	Respond to of 56

Removing the overburden is a small cost since it is nothing more than dirt. It will be a very low cost mining operation. As for the chromimum attached to the titanium both Rio Tinto the #1 producer of titanium and Lakefield research have said that it is not a problem to seperate it you just have to use flotation method. Which the other lab did not have.

To: rdww who wrote (30)	10/27/1999 12:38:00 PM
From: beach$	Read Replies (3) \| Respond to of 56

I work out the numbers have a look. mineral Measured Indicated Inferred Ilmenite (titanium) 184,884 - 204,603 361,816 - 400,582 126,420 - 139,965 Garnet 231,105 - 244,311 452,270 - 478,114 158,025 - 167,055 Zircon 39,618 - 46,221 77,532 - 90,454 27,090 - 31,605 The latest mineral commodity prices available from the September 1999 issue of the industry magazine "Industrial Minerals" are as follows: Garnet: US $180 - 240.00 Ilmenite: US $ 84 - 94.00 Zircon: US $ 320 - 360.00 Mineral Measured Indicated Inferred Ilmenite (titanium) 15,530,256 -17,186,652 30,392,544- 33,648,888 10,619,280- 11,757,060 Garnet 41,598,900-43,975,980 81,408,600- 86,060,520 28,444,500- 30,069,900 Zircon 12,677,760-14,790,720 24,810,240- 28,945,280 8,668,800- 10,113,600 Total Value 69,806,916- 75,953,352 136,611,384- 148,654,688 47,732,580- 51,940,560 These numbers were calculated using the lesser amounts of the current prices. All amounts in US dollars Given the measured, indicated and inferred we have an in ground value on just the 3.6 sq. miles of $254,150,880 to $276,548,600.