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

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To: Richard Mazzarella who wrote (6391)6/25/1998 3:12:00 PM
From: Ed Fishbaine  Read Replies (2) of 14226
 
Richard

Sorry to disagree with you regarding Stillwater. The company just became very minimally profitable after multiple years. At its current price the P/E is astronomical. Why? Because it is the only PT producer in the U.S. Big risk in acquiring it ( except possibly for trading) because when GPGI begins serious production, and this is not too far away, Stillwater will be driven out of business. Granted it might take many moons but it will happen.

I am fully in accord with you on the possibility, and actually, likelihood of a deep pocket involvement sooner or later and it could be sooner.

Regards, Ed
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