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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
GPGI 24.03-1.9%Jan 28 3:59 PM EST

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To: John Hanley who wrote (1299)12/19/1996 1:30:00 PM
From: Jeff Williams   of 14226
 
John, I probably mis-spoke myself. Or as Yogi Berra was once quoted:
"I really didn't say everything that I said."

To be honest, I can't remember his basis for that conclusion. I am
not a geologist. All that technical jargon gets lost in my cranial
recesses. But I do remember his supposition that enhanced ore values
were likely to be found at that level, and that there was a
possibility of a strata of very high grade platinum at that level,
which I believe he said was from 1000-1500'. If you have any doubts
at this point, I'm sure Dick Jensen can confirm that INCO's geologist
made the supposition.

But, let's keep our eye on the ball. What we need, and I believe
what Jensen is now working on, is to achieve cash flow which will
confirm the R&D accomplished to date will make us profitable. I
only mentioned it because I have read the report (albeit 8 or 9 yrs.
ago), and I thought it would be of interest to all GPGI investors.
In other words, if INCO's geologist said it, it a'int "hype," as far
as I'm concerned. He was merely making a scientific "guestimate" not
attempting an absolute conclusion. I would not advise anyone to buy
GPGI stock based upon the report supposition, which may, or may not,
ever be proven to be true.

Regards,

JW
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