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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: Larry Brubaker who wrote (4126)11/5/1997 11:33:00 AM
From: Zeev Hed  Read Replies (1) of 14226
 
Larry: I do not think IPMCF is a scam, but there is a possibility that they are over optimistic relative to extraction costs. If you remember about a year ago I was asked why I preferred GPGI and I said because their ore contains at least 8 times as much goodies, and thus they can afford an expensive extraction process in excess of $500/ton. If IPMCF comes out with a total of 1 oz/ton and the process is very ecxpensive (including electrowinning and multiple hot extraction prefaced by extremely fine grinding), then there are questions as to whether this beatiful deposit can yield a profitable mine.

Zeev
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