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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: Zeev Hed who wrote (10339)5/11/1999 12:50:00 PM
From: Jeff Williams  Read Replies (1) of 14226
 
Zeev: You ask: How many baths we have and how long it will take to get 1000 lbs of slime?

According to the last update from Mike McKay, they hoped to have a 1000 lb. of slime ready to send to Sabin by the time Sabin releases the results of the 2.2 kilo shipment which was sent on April 29th.

I understand from talking with Dennis DeNoble that Sabin promised to expedite their work, so I would think that we should have 1000 lbs. (or close to it) ready by month end at the latest. Let's face it, Sabin has a new customer with the potential to become a source of much new business for them.

Pursuant to that Mike McKay also said they were looking to add new equipment to expand production.

Personally, I am encouraged. As long as Mike McKay continues to direct this firm's efforts, I must assume progress is being made and a favorable outcome likely. Why else would McKay be investing his time and money to push ahead with production, and increase to a 24 hour-7 day per week operation if profitability were not likely? Mike has fine-tuned their production processes to overcome earlier electro-winning and smelting failures. He's spent several months testing every aspect of their processes without taking any steps or or making any investment to increase production. This "onion peeling" has caused many to give up hope. But the last assay results from Sabin definitely show commercial grade results as Ed Fishbaine and others have remarked on this thread. So McKay, after months of preparation, has finally committed to bring us into production. He is nobody's fool, IMO. It is highly unlikely he would do this thereby putting his money at risk, if he was not relatively certain of success.

I also agree with Jack Smith, this stock will not begin to be fully valued until the check is in hand. But we should know where we are with the next word from Sabin.

Regards,

Jeff
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