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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
GPGI 24.85-1.8%3:59 PM EST

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To: JACK R. SMITH JR. who wrote (5121)2/20/1998 12:27:00 PM
From: Jeff Williams  Read Replies (1) of 14226
 
Jack: Without trying to disparage your prognostications, I don't
think you are out on much of a "limb," Jack. I think we are seeing
the MM's pick up some cheap shares from the uninformed prior to the
next raft of news, which should include some assay/payment results
from AuRIC. Financials must be close to completion, which means soon
we will be off the designated securities list. Mutual funds are report-
edly lined up to buy when that happens. Meanwhile we have the looming
COC report coming from the South African gentleman (can't remember his
name right now). And if all that were not enough, the Oro Grande test
samples should be bubbling in the test tubes in AuRIC's lab by now,
so some initial results might soon come from those as well.

Also, I seem to remember GPGI said they were going to double production
which can't be all bad unless we're producing at a loss, which I doubt.

In short, Jack, I cannot see us going much lower either, and once the
news I expect is out, I see us starting a gradual but concerted, sustained
rise. All of which makes you prescient, but not overly so my friend.
As usual your comments are worthwhile, and I agree with your
assessment.

Hope everyone has a great weekend. And I hope Bob Walsh has some
news for us.

Regards,

Jeff
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