GREY:NATUF - Post by User
Comment by
RGS1on Feb 20, 2001 11:35am
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Post# 3352363
RE: Anyone know more about this ??
RE: Anyone know more about this ??the company has not been spending any time ($) on the technology as of late. The descision was made to preserve working capital until the price of tungsten went higher and we could finance. The technology has perplexed the people working on it as they can not understand why it works. It has been sugessted that $500,000 will be needed to take it to the next level. Therefore until the company has more cash on hand the technology has been put on hold. If we can get the technology to commercialization it could save a significant amt on production costs.
Ron Shenton IR