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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: U.B. Green who wrote (5554)4/1/1998 12:08:00 PM
From: Ed Fishbaine  Read Replies (2) of 14226
 
Dear U.B.

You are making more of a problem of this COC than there is. Again, Brian Russell was asked to do the COC. He is in charge of the method. If Global insisted that he use the proprietary method then all the bad mouthers on this thread would claim that GPGI is setting up a scam and employing an expert to push their stock.

The fact that Russell made his own decision as to procedure only validates the independence of his findings. It was not up to GPGI to dictate method.

Also, there is another important point: Supposing GPGI got someone to use the proprietary method and the result was in 3-8 ounce range. Do you believe that the marketplace would accept this number? It would certainly be challenged as a scam. No assays ever indicate such values. In order to communicate adequately with the mining community it is far better to proceed with standard old fashioned methods which can be accepted by Brian Russell's mining peers than to confront them with numbers they would have great trouble accepting. I believe that subsequent studies of the ore grades will indicate higher numbers but I also hope that they don't move to the 3-8 ounce category in one leap.

I think the mining community will perk up to what Global has and gradually become accustomed to the richness of the ore. This will take some time. I also believe that this COC will be the start of such awareness and will carry more weight than you may realize. The professionals will not worry about glitches in the extraction process. They have been through all those problems many times. What they really want to know is are the goodies there.

I hope this answers your notion that doubt has been created by this COC. If anything, the professionals are floored by these values.
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