Natcore Technology Inc (NTCXF)

[JB3729]

I had a phone conversation with Chuck Provini yesterday.

I asked him to lay out the companies financials. He stated that most of the pp dollars will be used to fund the new lab, which will bring Natcore's technology to market sooner. Natcore's current cash burn rate is $70,000 per month. It is expected to reach $100,000 per month after the new lab is opened.

Chuck feels that the $5 million Natcore expects to receive from warrant conversions in 2011 will sustain the company until they are profitable.

Tandem cell and roll to roll are both top priorities. There are 3 companies in the hunt to partner with Natcore in the roll to roll business. Both tandem cell and roll to roll are projected to cost $.60 per watt to manufacture. I could be wrong, but from what I've read, TSL is the current low cost silicon producer. TSL is expected to lower it's costs below $1.00 in the first half of 2011.

Three ovens are used to manufacture silicon solar panels. Natcore believes that they have eliminated the need for two of these ovens with their LPD process. They will work on eliminating the third.

GLTA Longs,
JB