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

To: C Hudson who wrote (388)	7/6/1998 6:51:00 PM
From: jas singh MD	Respond to of 603

Good afternoon everyone, Here is the Press Release that many have been waiting for: biz.yahoo.com Of particular interest are the following passages: "The purpose of the pre-feasibility study was to provide a basis for a decision on proceeding with a full feasibility on mine development by determining the technical viability(deposit characteristics and mine and mineral processing potential) and the economic viability(operating and capital cost factors and potential product markets) of the Camden heavy mineral sands deposit. The overall economics of the Camden deposit are favorable with the pre-tax internal rate of return using conservative base case assumptions computed to be 22.8% in nominal dollars. " Even the most conservative modeling scenario supports proceeding with the next stage of development, a final feasibility study," said Mr. Patrick Coustin, Altairs Chief Operating Officer." As everyone is aware, the Camden property had been previously mined by a couple of MAJOR mining firms (one of whom was responsible for some of the data used by TZMI-dry milling numbers) unsuccessfully. This study for the first time doccuments that this property CAN be mined using the CJ thereby UNLOCKING the potential of the Camden property. Here is another piece of info...The Camden property is NOT the only property that will benefit from the CJ! Sincerely, Jas