First American Scientific Corp. (fka FASC)

[Hongcouver]

Good evening all, good to have news of the sale to Atlas Mining. If they proceed with the plans of mining the Dragon property as stated in the article @ this link, it looks like they would eventually need another system or two at Dragon, based on hours of production per/day/yr.

http://www.findarticles.com/cf_dls/m0EIN/2001_July_25/76760581/p1/article.jhtml

"Initially, Atlas intends to move into production at a small scale to insure that it produces only the quantities that are sold. Initial production targets are for 7,500 tons the first year with the goals to achieve up to 30,000 tons per year by the fifth year with a revenue of $10.5 million and a operating margin of $6.5 million."

At 3tph, the KDS would process 8,400 tons a year running 8 hr/day, 350 day/yr or 12,000 tons running 16 hr/day, 250 day/yr. Would also depend on demand for the product. Faster ROI on their equipment purchase if they could process 22/7/365 to satisfy customer product needs.

One other interesting link to HQCapitech's 2002 annual report:
http://www.hqcapitech.com/en/publications/pdf/rapp_annuel_2002_en.pdf

Hongcouver