To: BDR who wrote (477 ) 4/1/1999 12:03:00 PM From: Peter V Read Replies (2) | Respond to of 10293
Sorry to interrupt the BTIM banter, but ALTIF issued another PR. And this one is as fact-filled and hard-hitting as previous releases! Now we are going to update a previous study! Man, where can I buy some more shares?biz.yahoo.com SRIC to Prepare Update on Camden for Altair CODY, Wyo., April 1 /PRNewswire/ -- Altair International Inc. (Nasdaq: ALTIF - news) today announced it has engaged SRI Consulting (SRIC) to prepare a technical and economic assessment of its Camden, Tennessee titanium deposit. The study will update a prefeasibility assessment completed in 1998 and will consider current titanium and zircon markets as well as the impact of Altair's discovery of the Little Benton Deposit. As reported earlier, the discovery of the Little Benton deposit effectively doubles the company's estimated titanium resource.The updated assessment was recommended by Prudential Securities due to recent events in the titanium feedstock industry -- particularly the closure of Beenup, an Australian mine scheduled for 600,000 tons of production, and the DuPont commitment to not develop its proposed mine in Georgia. [OK, if the Aussies and DuPont are shutting down titanium operations, why is ALTIF excited about having doubled its titanium resources??? ] Prudential Securities is assisting Altair in exploring financing and strategic alternatives to enable the company to realize the full value of its Tennessee titanium deposits. The SRIC assessment is scheduled for completion during April 1999. About SRI Consulting -- SRI Consulting (SRIC), a wholly owned subsidiary of SRI International (formerly Stanford Research Institute), works with companies and governments worldwide to develop strategies for competing in today's technology-driven marketplace. SRIC's Chemicals and Energy Practice (CEP), with major offices in Menlo Park (California), Houston, Princeton, Zurich and Tokyo, serves the business needs of chemical, petroleum, energy, metals and minerals, and related industries with strategic management, competitive analysis, business and market entry, and technology assessment consulting services. CEP is the largest chemicals industry consulting organization in the world. SRIC has assigned its most experienced professional in the titanium dioxide industry, Dr. Eugene A. Thiers, to head the study. Altair International is the 100% leasehold owner of a large titanium/zircon deposit in Tennessee. Titanium and zircon are contained in mineralized sand deposits which are estimated to total 540 million tons grading 3.6% heavy minerals. Altair is in the final development stages of commercializing its state-of-the-art technology, the Altair Centrifugal Jig, which recovers extremely fine, heavy particulate matter using a combination of a mechanical jig and centrifugal force. Potential applications include gold/mineral recovery, coal cleaning and environmental remediation.