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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: Hans Smedema who wrote (6677)7/14/1998 10:23:00 AM
From: Jeff Williams  Read Replies (1) of 14226
 
Hans: Why should GPGI borrow or undergo dilution (further than they already have) when they can finance production increases through cash flow? The 25-30 ton figure is just getting started. Knowing Jensen he'll be at 100 tons/day in short order, say 9-12 months. The 1000 ton/day level will take a little longer obviously, but the profits will ultimately be higher without having to pay interest or seeing anymore dilution IMO.

Regards,

Jeff

PS: For Zeev -- RE: The IEI

Zeev, as you haven't responded to my post since you referred to the IEI. My $4-5 projection came from assuming profits would be doubled from the 15 ton/day figure (actually they will be higher because the fixed mill costs won't change). 30 tons/day will produce about $0.20 cents per share earnings by my calculations, and then using a PE of 20 gives me a $4.00 stock. If PGM's rise in price over the next year, as gentleman J SMITH has advised us all they would, then $5.00 doesn't seem unreasonable.
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