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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (11089)	8/4/1999 2:33:00 PM
From: Bruce A. Thompson	Respond to of 14226

Zeev, I don't believe I have ever heard of Sabin paying for any metals other than gold recovered. I have read of them confirming the test results of Gippy with final figures to be determined at some date in the future. But, so far, no real #'s BT

To: Zeev Hed who wrote (11089)	8/4/1999 3:01:00 PM
From: SnakeInATuxedo	Read Replies (1) \| Respond to of 14226

>> I do not remember a single report that Sabin has ever extracted the stuff from the precipitates, only from the slime. << Well Zeev, what are the differences in extraction from precipitates vs. slime? Why would/should Sabin care, if they are as capable as they seem to be? Thanks, Oil Patch Perk

To: Zeev Hed who wrote (11089)	8/4/1999 3:15:00 PM
From: Scott Wheeler	Read Replies (2) \| Respond to of 14226

Zeev, re: onion-peeling - the news release is candid enough about the need to peek and tweak... More important: whether Sabin can extract from concentrates - this has been on my mind for some time, because it is a very big wildcard and and to my best recollection has not yet been directly addressed by Global's public statements, and I'd like to see them address this issue as soon as possible... Although GPGI's and MGAU's concentration methods are probably apples and oranges, it still has concerned me that the latter recently had to report that four refiners could not extract anything from their concentrates (though they're hoping for a turnaround in that outcome soon)... having said that, I think that I remember Mike saying that the values recovered from the leach process were actual metals, not merely chemical assays of the presence of metals. If, (per the 5/25 Progress Report) with "minor modifications" they can indeed ramp up to 120-150 tons per day relatively soon, (and Sabin can extract), we could see some impressive numbers shortly. Let's see, getting ahead of myself here (unbridled exuberance): $6668/ton x 120 tons x 300 days x .15 SPAFF (Scott's Profits Arbitrary Fudge Factor) = $37MM/yr, or roughly $1.15 per share, justifying a share price multiplied by your favorite PE ratio. Scott p.s. hey, we're up to .18 and on pretty impressive volume!