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

GPGI 23.57

-2.9%

Jan 30 9:30 AM EST

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To: Bob Jagow who wrote (2349)	3/30/1997 8:54:00 AM
From: Zeev Hed	of 14226

Bob: I am not sure why you and Jack are upset because I respect an "opponent" with much deeper pockets than I have. Furthermore, I happen to agree with their stance on IPMCF, as I have in other cases when they have shorted overvalued and sometimes hollowly overvalued situations. I have posted on IPMCF my opinion that even at $.25 oz/ton there might be a possibility that IPMCF is overvalued, particularly if the cost per ton (due to much higher cost of extraction for hot leach and fine grinding) is as I felt around $75/ton. IPMCF promised independent assessment of their .25 oz/ton to happen in Dec and it is almost April and no such confirmation has occured. You got to respect Fiero puting their money where their analysis is. Zeev

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