Chucka, and others: I don't think Ed's "over the line." I'm kind of tired of hearing about GPGI joining efforts to bring another DD on line, even if they could. Basically, I guess I'm a selfish capitalist at heart. But we spent damn near 20 years developing our process (at our expense), and many of us have bought and held shares through thick and thin, losing many other opportunities along the way. I'll be damned if I want GPGI to help anyone until they prove themselves viable, and they put some money in the bank.
I don't follow NAXOS or MAXAM or CHIP or USPS, but I don't think any of them have ore as rich as GPGI, and so far as I know, none of them has engaged in commercial production, so what's the problem here. We are the leaders as I see it, and Russell has spent two decades to develop a proprietary catalyst. You want to JV this, and for what? We don't need any more ore, especially stuff that's lower graded than what we already have. We'll be mining the Hassayampa, Weaver Creek and Oro Grande when all of us are dead.
Unless there's some money in it, up front, we should focus all our energy and resources to become profitable as soon as possible, and it won't be a day too soon for me. 16 years is a long wait in any investors book.
I think your attack on Ed was unwarranted.
Regards,
Jeff |
