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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
GPGI 22.09-6.1%2:39 PM EST
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To: Victorio who wrote (84)7/18/1996 7:42:00 PM
From: Zeev Hed   of 14226
 
Robert: What announcements are we expecting from GPGI? They have told us what is a conservative value of their concentrated ores, how many tones they have and what their immediate and long term goals are. They expect to get to the point of processing about 100 tons/day of the concentrates and hope within few years (they never commited to how many year except that they want to do that from cash flow) they will reach 1000 tons/day. If they had more news, I am sure that they would let us know. I am sure that once the visibility of finishing their concentrates (and that will take probably more than 3 years) is there, they will probably start to evaluate the various properies they have (and I believe some options as well) and grade them for precious metals, and then prioritize the mining and extraction of these properties. By then, hopefully, they should have sufficient cash flow to do it right. Right now they should stick to their knitting which in my book is improve their extraction processes and reach their first goal of 100 ton/day. I would not be surprised if these tasks take them six months and thus hear nothing from them for that period. At this modest goal of 100 tons/day we should all do fine.

Zeev
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