Perhaps I can add something here. I have had several conversations
with Jensen over the past few weeks. In fact, I told him about the sale of the Handy and Harmon refining group. The fact of the sale does not necessarily mean that we are back to zero on refiners. It does not mean that Harmon is not interested. The new owner will need sources of metals for refinement. What it does mean is that there may be a great deal of confusion within the Harmon refining group, which may explain such things as the mix-up in the samples, etc.
There are other refiners in the wings, perhaps those who will pay for all
the metals contained in the sludge.
With reference to sludge production, several weeks ago, I was given the figure of roughly 5LB per day. This came from more than one source. I spoke with Mike Hilliard last thursday, I was referred to him by Nation Wide Securities in Fort Worth, the firm which lists Kevin Williams as a broker familiar with GPGI. Actually Mike is much better informed, and has followed the company for quite some time. Anyway, Mike indicates that they are adding one electrolysis vat per week. He also indicated that they are still running the silver curcuit, processing scrap silver at the rate of $5-8,000 per month in income. I expect that they will be at 8-12 LBS of sludge per day within a relatively short time.
As has been pointed out in earlier discussion, we cannot know what is going on inside GPGI right now, but lets not get overly concerned over the dirth of good news.
I submit this for what it is worth, I cannot verify sludge production, but I suspect it is currently higher than I have indicated.
Keep The Faith!!!! |
