<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> MAR-31-1998 <PERIOD-END> SEP-30-1997 <CASH> 71,654 <SECURITIES> 0 <RECEIVABLES> 1,900,976 <ALLOWANCES> 0 <INVENTORY> 2,578,156 <CURRENT-ASSETS> 4,550,786 <PP&E> 31,488,820 <DEPRECIATION> (131,809) <TOTAL-ASSETS> 36,700,463 <CURRENT-LIABILITIES> 850,628 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 10,000 <COMMON> 687,032 <OTHER-SE> 34,729,053 <TOTAL-LIABILITY-AND-EQUITY> 36,700,463 <SALES> 1,466,157 <TOTAL-REVENUES> 1,601,157 <CGS> 675,795 <TOTAL-COSTS> 675,795 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 315,586 <INCOME-TAX> 0 <INCOME-CONTINUING> 315,586 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 315,586 <EPS-PRIMARY> 0.005 <EPS-DILUTED> 0.005