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 (7245)	9/8/1998 7:59:00 PM
From: Laser	Read Replies (2) of 14226

Richard, Always the optimist ;). Let's look at Globals' statement again: "It is also too early for Global to be able to offer a reliable estimate of the quantity of head ore required to produce a given quantity of metal. Those figures will be available at such time as we stabilize production." From the June 25/98 release based on a 9 ton production run: "1 ton of screened ore produced: Platinum..........28.79 grams @ $355 = $340.58 Gold...................6.......grams @ $295 = $58.98 Rhodium.........24.79..grams @ $640 = $528.77 Palladium..........8.26..grams @ $297 = $ 81.77 Total metal prices................................ $1,010.10" Looks to me like Global is now saying they are not sure how much ore will produce a given quantity of metals. Pretty hard to project cash flow when the end result is variable.

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