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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
GPGI 24.69-1.2%Feb 12 3:59 PM EST

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To: Chuck Bleakney who wrote (4795)1/21/1998 4:26:00 PM
From: Mark Donahue  Read Replies (1) of 14226
 
I think these napkin calculations depend on how many ounces per ton
can be recovered.

Your calculations are using AuRIC's stated value of what they
believe GPGI's head ore is worth., $1,500 to $2,000.

I am using somewhere between 3.5 and 7 oz. of goodies recovered
per ton of head ore.

I agree this needs to scale up but I also think this is significant
progress as AuRIC's letter states they can accept immediate
delivery of GPGI's dore metal.

Mark
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