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

GPGI 24.03

-1.9%

Jan 28 3:59 PM EST

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To: tom terry who wrote (2584)	5/1/1997 9:00:00 AM
From: David G. Findley	of 14226

Tom, There is no way the 300lb of precipitate can contain 3lb.s of PGM. If you assume perfect leaching, perfect precipitation, you could not get more than 2.5 to 5.0 ounces PGM (10 tons ore x 0.25opt to 0.5opt PGM & AU). Big difference from 3lbs. So there is maybe one or two thousand worth of PGM/AU in the 300lb of precip. Feel free to correct my figures & math - I am using 0.25opt to 0.5opt range as the best GPGI figure I remember. Finally, GPGI apparently stated <<"there is a rumor of sorts that we are not drying our concentrate by the use of a professional dryer. We are *beginning* to do just that.">> (my emphasis). Well, it wasn't ever a rumor - it was a susposition infered from information posted here. I am damn glad to that GPGI IS finally using a filter press. Amen. David Findley (back to IPMCF collusion hunt)

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