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

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To: JACK R. SMITH JR. who wrote (7251)	9/8/1998 10:24:00 PM
From: Bob Walsh	Read Replies (4) of 14226

Jack, Jafco, Richard and all: (1) Press Release of 6/24 GPGI said sample test of 9 tons of ore showed a value of $1,010 and sample from that sent to Sabin " corroborated, within acceptable limits, the values as calculated in Global's in-house test." (2) Todays announcement said for shipments 1 and 2: "Sabin Metals was able to actually extract slightly more in value than our own in-house assay showed was in the shipment." [my comment:ie, more than $1,010/ton] (3) It also stated that: "Assays of shipments 3 through 6 show profound increases in the quantities of metal present in the resin." [my comment: much more than $1,010/ton] (4) And: "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." [my comment: the first two shipments value was much lower than 3 through 6 so why report them plus Rhodium wasn't being collected anywhere near it's presense.] Excellent news. Regards, Bob

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