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Gold/Mining/Energy : EMR Microwave Technology (EMW.A) -- Ignore unavailable to you. Want to Upgrade?

To: Al Cern who wrote (165)	5/28/1998 10:04:00 AM
From: ddl	Respond to of 397

Yes Al... These test are expensive and seems to me from memory they cost in the neighbourhood of $50-$125k. tho I may be wrong. Now that we have 6 tests on the go, WHAT WE NEED NOW IS TO FINALIZE AT LEAST 2 OF THEM. I can't wait to hear some results. - denis

To: Al Cern who wrote (165)	6/1/1998 3:45:00 PM
From: ddl	Respond to of 397

Hi Al... I have to correct my last post. I ran across correspondence with EMR and in it they stated that generally, the first run of ore for testing cost on average $15,000.00. There was no mention as to what the cost was for a larger sample which is normally required if interest remains. I also just received my Annual Report. Did you notice that they plan to have 4 contracts by year end and some of these up and running by then also. It seems very positive and this would be a good start. Financially, the Co. has a burn rate of about 3.5MM / year, mind you the new plant is included and in 1996 they burnt 2MM so I'd expect the rate to fall to about 2.5-3MM for 1998. This will require some type of financing and they do have 1998 warrants outstanding for about 1.7MM. They might sqeeze by for 1998 and if so 1999 warrants might carry them through to 2000. - regards - denis