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

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To: Zeev Hed who wrote (6461)	6/29/1998 7:58:00 PM
From: JACK R. SMITH JR.	Read Replies (1) of 14226

Zeev, I agree completely. Take the goodies that you can get, get profitable, and tinker in the research lab. They can pile the leached ore in one place and if they come up with economic methods to reclaim that ore, then much the better. There was a post some time ago about work that Stan Wardle was doing with multiple exposues of the ore to the leaching solution. That is an interesting concept to me. Whether it would apply in the future to GPGI, I do not know. Truly, $1000 per ton is a most respectable figure and certainly economic considering their stated costs. I will not run the numbers before all here, but my approach would to run the ten and look for 15 and run the 15 and look for 20, etc, etc. As they say in real estate, it is the cash flow, cash flow, cash flow--or am I confused? Chucka? Location Jack

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