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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: Ed Fishbaine who wrote (6919)8/5/1998 6:12:00 PM
From: Bob Walsh  Read Replies (2) of 14226
 
Ed and all, my apologies re the number of tons processed per week (and therefor the value of the weekly shipment). The first weeks production was probably about 15 tons total since the resin process took 4 days for 15 tons. The second shipment was probably about the same. They have now added more columns and the resin process now takes 2 days to process 15 tons. They will be expanding the number of resin columns as soon as they can to arrive at 15 tons per day through the resin process.

The ball mill is not fixed yet but should be within a few weeks. They were only able to process 10t/day through the slurry phase instead of 15t due to the ball mill. Rain also slowed down production a bit.

Thus the first weeks production will probably amount to about $15,000 before refiner fees versus the $75,000 that will be attained when sufficient resin columns allow for a complete 15t per day production.

Mea culpa Jack and Ed.

Regards,
Bob
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