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

GPGI 24.46

+6.1%

Feb 6 9:30 AM EST

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To: Jafco who wrote (4806)	1/22/1998 12:45:00 AM
From: Scott Wheeler	Read Replies (1) of 14226

<< what happened to the difference? >> I think you're mixing up steps and materials. Up to 4000# of dore' can be produced per month (not 800#/day). It takes a lot of precip/leachate to produce that 4000. If you divide 4000# by 25 working days, you get 160# dore'/day. The 800# must be amount of precip/day. I think that's right, because if I remember correctly, the ratio of precip to dore' is 5:1 or 6:1 {anyone remember this?]. 160# is 20% (or 1/5) of 800#. If you use 27 working days, you get 18.5%, which is in between 1/5 and 1/6....SW

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