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Gold/Mining/Energy : Atacama Minerals -- Ignore unavailable to you. Want to Upgrade?

To: kfdkfd who wrote (50)	2/23/1998 7:45:00 AM
From: kingfisher	Respond to of 105

Atacama Minerals Corp - US$77 million project financing in place Atacama Minerals Corp AAMShares issued 399250011998-02-20 close $1.45Monday Feb 23 1998Mr Robert Cogliandro reports Atacama Minerals has received a joint underwriting commitment from ABN AMRO Bank NV, and Dresdner Bank Canada offering a US$77 million project finance facility for Atacama's Aguas Blancas project in northern Chile. The offer is subject to completion of legal and technical due diligence and completion of closing documentation. The company anticipates a closing date of March 31 1998. The offer provides for a fully underwritten US$77 million facility and will complete the debt financing for the Aguas Blancas project. The receipt of this underwriting marks the passing of an important milestone towards the development of the Aguas blancas project and is the result of many months of intense negotiations. The completion of the debt package is one of the critical elements to completing the development of Aguas Blancas. The company has been conducting detailed and value engineering since December 1997 and intends to break ground on the project within the next two months. Atacama's Aguas Blancas project is 100km from the major northern Chilean port of Antofagasta. The orebody contains rich deposits of iodine and sodium sulphate and commercially exploitable nitrates. Results from new drilling programs indicate a project life in excess of 20 years at production rates of 1,000 tonnes of crude iodine and 300,000 tonnes of sodium sulphate per year. Potassium nitrate will be produced at the rate of 70,000 tonnes per year in the seventh year of the project. At completion, Aguas Blancas will mark Atacama's entry as a major new supplier of industrial mineral products. Production startup is scheduled for early 1999. Current prices for products to be produced by the company remain robust, with crude iodine selling for more than $20 per kg in extremely tight market conditions. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

To: kfdkfd who wrote (50)	2/25/1998 8:31:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 105

Good time to pick up cheap shares before upcoming promo.Promotion to start soon and climax with the Miami Investment show in late March.This is timed to take advantage of the finalization of financing on March.Also detailed engineering due by mid March.Apparently management very confident of positive conclusion to financing.The recent price weakness due to skepticism by investors on financing announcement not justified.

To: kfdkfd who wrote (50)	6/10/1998 3:59:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 105

Here is a response from Robert Cogliandro to a recent e-mail Dear Mr. Barbe: Sophia Shane indicated that you would like to receive some information about our latest cash flow projections. We are currently completing an updated model but, broadly, based on US$52 million of gross sales at full initial capacity (excluding potassium nitrate), we generate an EBITDA of approximately US$30 million. Obviously this increases with the introduction of nitrates in year 7, which is why we would also like to accelerate the nitrates production. Very briefly, we have been maintaining a very low profile in the market and this has been a deliberate decision despite the fact that there has been considerable activity at the project site. The reason for this is that it is our view that the only thing that the investment community wishes to hear from us right now is that we have completed our financing and will begin construction. In view of the current stock price, however, we will issue a public progress report next week. Having said this, we intend to make a decision between two different financing packages in the next month or so. As has been publicly announced, we accepted a term loan commitment from ABN AMRO/Dresdener for US$77 million but this commitment requires a significant equity injection or equivalent of up to US$30 million which at the current share price would result in significant dilution. Therefore we have been looking at a specific alternative before finally committing to the bank project finance. Should you have any further questions, please feel free to contact me at any time. Sincerely, Atacama Minerals Inc. Robert S. Cogliandro President