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Gold/Mining/Energy : Altair Nanotechnologies -- Ignore unavailable to you. Want to Upgrade?

To: John S. Baker who wrote (255)	2/28/1998 1:28:00 PM
From: jas singh MD	Read Replies (2) \| Respond to of 603

Good afternoon John, I think your post hits the nail directly on the head. The one comment that I would make is that when placing a valuation on a mining company, does one wait until product is actually being mined or does the valuation of the company change in relation to the potential of a property. In other words, if some intrinsic value is placed on a property based upon how well the jig can document it's ability to extract what was once considered to be unextractable ore, would that show up in the price of the stock in the near future, or will we have to wait until the project goes into full production. Keep in mind that in order to get this project off the ground will cost ~60-70 million dollars. Obviously, for a company like Altair to even consider a project like this, they will have to develop an alliance with an established mining firm. Therefore, at what point would you or anyone else suggest that the price of this stock will begin to move in relation to the potential value of the Tenn. property? Would an alliance be the trigger, or would we have to wait for actual production from this property? Would be interested in reading your thoughts. Sincerely, Jas

To: John S. Baker who wrote (255)	3/4/1998 8:51:00 AM
From: John S. Baker	Read Replies (1) \| Respond to of 603

FWIW, Mark Skousen continues to be bullish on ALTIF, as published in the newsletter arrived yesterday. Cites the presentation this month at annual Society of Mining Engineers by two SIU professors. Suggests that the estimated 11 million tonnes of Ti may be valued at over $2 billion. (Yes I know we must discount for all manner of uncertainties and timing.) Note that Skousen is not a "trader"; rather he is a buy for the 2-3 year term type guy. His most recent success was WNDR, which just got bought out, was a three-bagger. I have been a subscriber to his newsletter for maybe ten years now. If you want info, call 800-211-7661.