Global Platinum & Gold (GPGI) Message Board

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

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To: Paunch who wrote (8362)	11/10/1998 11:50:00 AM
From: Richard Mazzarella	Read Replies (1) of 14226

Paunch, <<how many tones of head ore it takes to make one ton of screened ore>> I don't know the answer to that question, but it seems that GPGI can consider the ore pile head ore as far as cost is concerned. Dennis says almost all of it goes into the mill. You could use my conservative numbers ($3-6/share), or probably Ed's more realistic numbers ($17/share) on just the ore pile to determine fair value for GPGI which is currently undervalued by an order of magnitude IMO. I remember a year or two ago GPGI presented results from a drill program on some of their property and the values were somewhat consistent with Maxam's assays. How they hit the big league with that ore pile is worthy of investigation, it must be one hell of a paleo-channel or pluton to source that much precious metal. If Maxam correlates it's mapping technology with the current COC drilling, GPGI should investigate the new mapping technology IMO. Too bad these companies don't talk to one another.

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