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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: go4it who wrote (4905)1/28/1998 8:33:00 PM
From: JACK R. SMITH JR.  Read Replies (1) of 14226
 
Charles,

Re your question about when GPGI will do it and skeletons.

There can, and probably will be further glitches in the machinery, but I feel they are very close to a profitable cash flow and that could happen soon. With the ore values that they are telling us the potential is enormous even on a small scale. What I want to see first is that cash flow that makes them profitable. I have said that for a long time and still say it. I want to and do believe that they can do that soon. The rest is a matter of scale. The folks involved are supremely tenacious. They will never give up. I could be wrong about soon, but I rather doubt it. I believe that they have a workable technology. It may not be the ultimate, but it is workable and they will probably improve that as they go. I know that they are working on that. I have garnered that from individuals outside the company.
The numbers are enormous if they are true. I, being a great doubter of numbers do not put credence to them until they have validity. Valid numbers come from bank accounts and balance statements. Fully audited ones, and by competetent and auditors have even greater weight with me.

Re skeletons. I know of none, but that does not say that they do not exist. I would doubt it, though.

Auditor, Jack
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