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

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To: Richard Mazzarella who wrote (7637)	9/27/1998 1:48:00 PM
From: Ed Fishbaine	Read Replies (1) of 14226

Richard. They cant correlate recovery with head ore because they have not kept adequate records. Also, the fact that their recoveries are unreliable, as we have been discussing, means there is no way they can extrapolate back to head ore. Also, the inadequacy of procedures at the mill, as I understand it, involve using material from various sources mixed together such as the stuff sent back from Noble Metals along with original head ore. I assume that when they measure and record what quantity of head ore goes through the processing and emerges at the end as a given quantity of pgms, extrapolation should be simple. Whatever variations develop due to inevitable irregularities in the processing procedure should be able to be easily handled by statistical means after a few results ( or many, depending) are in. The statistical methods required do not involve elaborate mathematics IMO. Any comments? Regards, Ed

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