+Zeev Hed (2627 )
From: +J.E.Currie
May 3 1997 3:53PM EST
Reply #2628 of 2636
Zeev,
IF I MAY!!
STOCKHOLDER INFORMATION
From the desk of Richard E. Jensen, President of Global Platinum + Gold inc.
Due to certain articles published by various entities, one of which
is the Northern Miner, management feels that some sort of reply is
required.
The story that appeared in the Northern Miner IS THE SAME INFORMATION
THAT APPEARED MANY YEARS AGO. Apparently the "Miner" feels the need to
slander some of the junior mining companies that have spent years and
years in development and much money in R&D.
Management is interested in only one thing, protection of YOUR company
and YOU, as stockholders. We do not intent to enter into a mud
slinging contest with any writers or publishing entity, but we will
let our actions speak for ourselves.
As far as the other junior mining companies mentioned in the article
are concerned, we are not privy to their process or methods,
consequently we cannot answer for them, only for ourselves.
We have been producing, off and on, small amounts of anode sludge
which has been shipped to several major refiners and your company
has recieved checks in payment for product. We realize that our
production has been very limited to this point but we are now ready to
start a production mode which will be as follows: We intend to process
and leach 10 tons of ore daily, giving us about 15,000 gallons of
pregnant liquor, and by using our newly acquired technology, we
should be able to realize around 3000 pounds of primary concentrate,
which will then be dried, pulverized and smelted into Dore' metal.
This metal will then be shipped or refined at our own facility. After
the first few shipments have been made we will release production
figures and total values.
This amount of production, produced on a continuing daily basis and
constant shipments, should quiet the critics considerably and finally
give us the cash flow that we have been striving for.
My comment: I am hoping to get a conservative earning estimate from
the company shortly.
Jim
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