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

To: Rajiv who wrote (549)	12/21/1998 4:55:00 PM
From: Pete Mason	Respond to of 603

I liked today... down on twice average daily volume. Don't know if this move has any staying power (see ZONA) (ha-ha, that was supposed to be a joke), but the stock's definately trending lower in the past couple of weeks... -- Pete

To: Rajiv who wrote (549)	1/19/1999 11:25:00 AM
From: Rajiv	Read Replies (1) \| Respond to of 603

<yawn> ------------------------------------------------------------------------------------------------------- Altair's Titanium Deposit Doubled CODY, Wyo., Jan. 19 /PRNewswire/ -- Altair International Inc. (Nasdaq: ALTIF - news) - Drilling of the westward extension of Altair's Camden, Tennessee heavy mineral sands deposit indicates that the tonnage of the deposit has been nearly doubled. The new area, referred to as the Little Benton Deposit, is preliminarily estimated to contain approximately 8 million tons of total heavy minerals; the mineralized area includes more than 230 million tons of mineralized sand averaging about 3.5% total contained heavy minerals. Little Benton titanium and zircon content and quality appear similar to Camden. The previously announced 300 million ton Camden deposit contains approximately 12 million tons of heavy minerals, made up of 7.4 million tons leucoxene/ilmenite ($150 - $250/ton), 0.6 million tons rutile ($450 - $550/ton), 1.8 million tons zircon ($350 - $400/ton) and 2.5 million tons non-valuable minerals. An independent prefeasibility study indicated the project could economically produce 250,000 to 300,000 tons of leucoxene/ilmenite per year, for more than 20 years. The new additional tonnage of the Little Benton provides potential for increased mine production and operational efficiency, which could materially enhance cash flow potential. Prefeasibility studies carried out by independent consultants have concluded that the overall economics of the Camden project are favorable; modeling indicates the resource to be economically superior to most heavy mineral sand deposits being mined today. The Camden deposit has the added advantage of location since the U.S. is the largest consumer of titanium in the world. The Tennessee heavy mineral sands project is now considered a ''World Class'' titanium orebody and presents a unique opportunity for Altair as an emerging company. The magnitude of the orebody and associated economics provide multiple development opportunities. Management is currently reviewing all technical and business options to determine the best way to proceed.