Global Platinum & Gold (GPGI) Message Board

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

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To: Richard Mazzarella who wrote (6352)	6/25/1998 12:11:00 AM
From: Jeff Williams	Read Replies (1) of 14226

Richard: I didn't have a "happy" figure in mind, but as I run the reported numbers thru an EPS analysis, I come up with about $0.07/share which at a 20 multiple only gives me $1.40/share. I don't know about you, but that will not even come close to break even breakeven for me. Of course, we can expect production to increase over time as cash flow becomes a daily fact of life for GPGI, but that's going to take time and after 15 or 16 years, I'm sort of losing patience. Don't misunderstand, I'm pleased they've "peeled the onion," but I'm disappointed that the number was so low. BUT, IT IS A START, FINALLY!!! Two or three years from now, 10 tons per day should look like a sandbox pile compared to what they will be doing if all goes well. Regards, Jeff

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