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

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To: Jafco who wrote (9965)	4/5/1999 5:06:00 PM
From: Bob Walsh	of 14226

Jafco and all, the following are my calculated market values per ton of screened ore based on the Sabin assays. Please note that these are market values and not revenue since they do not include the necessary reductions for refiner charges. Note that the values are between $3,000 and $5,000 per ton of screened ore. Assay results from Sabin Metals Ounces per ton of screened ore Market Sample # Silver Gold Plat Pall Rhod Value $5 $290 $360 $350 $875 1 0 3.39 2.18 0.86 2.1 $3,906 2 45.8 2.86 1.01 1.51 1.13 $2,939 3 0.5 2.16 1.97 0.85 1.53 $2,974 4 0.69 3.07 1.22 0.63 2.57 $3,802 5 0.62 3.2 2.23 2.69 2.67 $5,012 Sample 1 is from Hassayampa & was pretreated Sample 2 is from Oro Grande with no pretreatment Sample 3 is from Weaver Creek with partial pretreatment Sample 4 is from Hassayampa with partial pretreatment Sample 5 is from Hassayampa & was pretreated

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