Global Platinum & Gold (GPGI) Message Board

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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: Richard Mazzarella who wrote (7164)	9/1/1998 10:59:00 PM
From: Laser	Read Replies (3) of 14226

Richard: >>>If you did the same analysis for Stillwater you would see a $20 stock that is now only marginally profitable after years of production effort.<<< Good point, it has taken time to develop the mine into a profitable operation. This is all the more reason to doubt the profitability of GPGI's operation for some time to come. Stillwater has just ramped up its' production to 2000tpd and boosted the recovery rates to 92%. In addition to this, they have lowered the cost per oz. of production. Richard, compare this to Globals' operation. Global is hoping to ramp up to 50tpd. I see problems attaining this goal, but that's JMO. Let's give them the benefit of the doubt though, and put this up against Stillwater. Like you said, it took Stillwater a long time to get to the profitability stage and only after a number of factors were addressed, which I noted above. Global is basically in the R&D stage, working on a non-conventional process, low output, and high costs. It's going to be a long struggle for them, and the funding will be difficult to come by. I just think it's going to be some time before SH's realize any significant appreciation in their stock. Sorry for the long-winded post. :)

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