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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: Randall E. Brubaker who wrote (6623)7/12/1998 9:54:00 PM
From: Ed Fishbaine  Read Replies (1) of 14226
 
Randall,

You are correct. There are always going to be naysayers and doubters no matter how high the price of the shares go. There certainly will be those who complain that the reserves are not proven and that there has been no Chain of Custody accomplished. Even if Global is paid $500,000 per week for the metal it produces there will be those who say there has been no COC. That trenchs down to 30 feet all over the Weaver Creek tested the ore and found pgm values means nothing. That the Hasssayampa ore pile was similarly tested means nothing. That McFarland and Hullinger produced gold from the Weaver Creek and sold it to Johnson Mathey means nothing (their method was uneconomical so they quit).

Jensen early on elected to go for production not for formal reserve studies once he was convinced of the presence of pgms on his properties. Comparing his results with those of the other desert dirts which have sought formal reserve studies and COCs is interesting.

Regards, Ed

P.S. I used $500,000 as an example. I have no idea of what the future production of Global will be. But it will, IMO, be shocking to you and me and to the precious metals industry. And by the way, I plead guilty to Zeev's accusation that I have fallen in love with this stock.
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