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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: jerry gates who wrote (4222)11/18/1997 8:47:00 PM
From: Zeev Hed  Read Replies (1) of 14226
 
jerry: GPGI is supposed to have a much higher concentration of ggodies in their "beneficiated " heap, thus even if it cost $100.ton, they will still clear about $1500 per ton. However, GOPGI is not as good as IPMCF in getting money so they are shoe stringing their operation. IPMCF has marginal concetrations and according to the latest information (not counting possible platinum which Batemab has stated that the current procees for its extraction is uneconomical) they need to be able to extract at a cost under $10/ton to be economical. So, to make a long story short, GPGI knows how tto get the metal out but is not to good at getting the money in, while IPMCF is not too good at getting the metal out, bit dso far were pretty good at getting the money in.

Zeev
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