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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: Ed Fishbaine who wrote (6917)8/5/1998 11:06:00 AM
From: Bob Walsh  Read Replies (1) of 14226
 
Ed, the company said that they were producing at the rate of 15 tons per day. One weeks production is therefore 75 tons. The assayed value using the SAME production process was $1,010 per ton. What the blazes does the amount of water in a shipment have to do with the value of a shipment. The amount of water in a shipment is immaterial since the shipment represents the output of one week's production. Unless GPGI has changed their process, the saturation of the resin should be no different from saturation of the sample used to arrive at $1,010 per ton.

Regards,
Bob
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