SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Global Platinum & Gold (GPGI)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JACK R. SMITH JR. who wrote (9792)3/19/1999 9:56:00 AM
From: Ed Fishbaine  Read Replies (1) of 14226
 
Jack

Your letter to DeNoble is well taken with one possible caveat. You make the obvious point that the assays of McKay are high and that on a production level the returns will be lower. McKay himself stated this. However, you may not know that USPS is on the verge of production. They have a plant which is now being tweaked for last minute glitches. They will not say anything publicly and officially until they have proven out what they claim they can do ( contrary to GPGIs past policy). The aim is to process 10 tons a day for openers and the return will be $1500 per ton. This comes to around 4-5 ounces of metal per ton. By coincidence 4-5 ounces per ton is what McKays numbers come to. We can expect news from USPS in this regard within 2 months at the latest.

Ed
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News