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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

GPGI 23.57

-2.8%

Jan 30 3:59 PM EST

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To: Richard Mazzarella who wrote (390)	9/15/1996 10:54:00 AM
From: Eric Tai	of 14226

Richard, the only two public companies I know are working on similar geology in Arizona are GPGI and IPMCF. But in California, there are two companies working on similar type of properties with Au + Ag + PGMs and they are Naxos(NXR) and Kilo Gold(KGD) both in ASE. All of the four companies face the same dilemma that Zeev talked about. If you want the company's share price to jump, you need to do detail reserve calculation and which will require standard fire assay which did not show up the precious metals content very well. In fact, both IPMC and NXR were halted/or are being halted with fire assay methods. You ask a very good question. If there are really so much precious metals in the area, why don't all the small companies jump in and grap land around them? I believe the main reason is not much people believe in it. A lot of main mining establishment including Norther Miners, Stockwatch, John Kaiser, E. Charters, Stillwater etc do not believe in the weird four. And both the Arizona and California area had bad reputation in the past of having companies claiming large amount of gold and Pt and never able to extract it. Hopefully any one (or more) of the above four will prove they can really extract and find a lot of precious metals in the area, and this may become a future "area play".

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