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

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To: Tim Hall who wrote (5943)	5/11/1998 5:34:00 PM
From: Ed Fishbaine	Read Replies (1) of 14226

Tim The Oro Grande closed in 1905. Shipments of dore had been sent to the San Francisco mint containing gold platinum and silver. The mint reported the dore contained 20% PT and 20% AG and required a waiver against any payment for the PT. I dont know if the USGS has reports from the mint. But you say they reported production from placer deposits in CA and OR early in the century. This was either after 1905. Or it referred only to placer and Oro Grande is not placer. Or USGS is somehow not connected with the mint. Or prior to 1905 platinum was seen as a contaminant and therefore not reported. Second, do you believe that a man with the qualifications of Brian Russell would describe the Hassayampa as a "bonanza" deposit based on an unqualified assayer who he did not know? Also, check out the Inco report it you want to see a recommendation for development of the Oro Grande. I say nothing about the 800 assays done by the Thomas report. You are correct about the problems of control in their production but this is being worked on right now. There is no point in flaming you but you ought to present a balanced picture if you seek to denigrate the company.

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