Global Platinum & Gold (GPGI) Message Board

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

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To: Scott Wheeler who wrote (4559)	12/26/1997 10:56:00 AM
From: Zeev Hed	Read Replies (1) of 14226

Robert, first there is some competition (some time ago, some of IPMCF top guys used less than complimentary terms to describe Jensen, an uncalled for event). But the most important thing is that the ores of the different participants are quite different and what could be profitable for GPGI would be a losing proposition for others. GPGI has about 8 oz of goodies per ton in the beneficiated pile, while IPMCF would be lucky to show something near an once. This means that GPGI can afford to pay even $1000 to process a ton and still be swimmming in profits, but if IPMCF were to use the same process they would be wrapping every once of goodies shipped out with green bills worth $700 or so. Zeev

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