To: kahuy who wrote (11190 ) 8/18/1999 3:00:00 AM From: Robert J Mullenbach Respond to of 14226
Thanks for the info, Lets dig into Stillwater for a look, At what we are dealing with. At the smelter, matte is produced, matte has 600 oz's of Palladium and Platinum per ton. Matte is sent to refinery, produces filter cake that is 60% palladium and platinum. The filter cake is shipped to refiners in New Jersey, California, and Germany. They also recover rhodium,gold,nickle,copper and silver. they just finished the copper, nickle refinery. at a cost of 8 million. 32 million for the new smelter. they have a 50 year supply, its totally unreal, is it for real, Yes, they are real. 270 million for East bolder project. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Now look at GPGI, First they have to figure out a process that works, ( might have it,) they have Sabin to refine, ( 4 1/2 lbs came from some were ) looks like a lot of the problem will be money, its big bucks time, when you start talking the stuff they will need. but if the stuff is there, should not be a problem. its worth a gamble to me at this price, must be something to it. XXXXXXXXXXXXXXXXXXXX if worst comes to worse, maybe they can process spent automotive catalysts, Stillwater smelted 139 tons last year, maybe there is money in recycle.!!! One way or the other, we are going to be really happy or look like blooming ...... happy trading, I am going down with the ship. Stockholder BOB. XXXXXXXXXXXXXXXXXXXXXXXXX Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future production, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.