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

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To: U.B. Green who wrote (8041)	10/21/1998 4:24:00 PM
From: Zeev Hed	Read Replies (1) of 14226

In June it was reported that: "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 " (From the June 23, 1998 update) How do these number "Jive" with the 3.77 oz? does it means that now we have all these goodies and about 120 gr/ton of Rh? If your numbers are correct, forget about profitability anytime soon. The weekly costs are $15,000 or so, and the "chemical costs are $232 per ton". At .05 oz/ton, you get $20 (give or take $10) per ton of goodies, and that does not even cover the cost of the chemicals, forget about the overhead of $15,000 per week. This company is doing more damage to itself by continuously changing the story, and the story changes mostly downward (except the Rh if it is a number per ton, of course). Zeev

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