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

GPGI 24.85

-1.8%

3:59 PM EST

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To: Dr. A. Zeev Hed who wrote (59)	7/13/1996 9:47:00 AM
From: Lee Bush	of 14226

Dr. Zeev: The silence is golden. Can you determine whether the new tanks and furnaces are in place yet and what the daily production now amounts to? In my talk with Fishbeine, he indicated that they were producing about 5 lbs. a day and wanted to get to 10 lbs. That will figure out a lot lower than your figures, but we are just at the sludge stage. At $1000/lb of sludge and 10 lbs./day for 7 days a week (it keeps on working), that is $310k/mo., or $3.7m a year. I have no idea of what overhead and production costs are, but we are going to gross .75/share at this early stage? If we get 1/3 of that to the bottom line, and we assume a pe of 10, that is $7.50/share. Am I in the ballpark here or not? Lee

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