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

GPGI 24.02

-2.0%

3:59 PM EST

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To: David G. Findley who wrote (2531)	4/23/1997 12:03:00 PM
From: Jeff Williams	of 14226

David, et. al.: I just spoke with Russell Twiford, GPGI's metalurgist. He expects to have results by this coming weekend. The leachate first had to be dried, which as I indicated previously took longer than expected and involved purchasing some new equipment. Then the leachate must be turned into dore bars and finally the dore must be assayed and compared to original ore. He apologized for it taking as long as it is, but that's life. Hang in there folks, he said it "looked good," without giving any specifics. He also said he is getting about 25 phone calls a day from expectent investors, which slows him down somewhat, but he nevertheless understands everyone's interest in the outcome. But maybe we can all give him a break for a few days, and let him concentrate on his work, rather than telephone calls from shareholders. I presume Dick Jensen will make a statement as soon as he gets the results from Russ. Honest to God, this is worse than a four year-old waiting for Christmas! Regards, JW

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