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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (2165)9/17/2001 4:01:33 PM
From: Richard Mazzarella  Read Replies (1) | Respond to of 4051
 
Claude, IMO that's net income, pre tax. See the Pro Forma: biz.yahoo.com



To: Claude Cormier who wrote (2165)9/17/2001 4:23:23 PM
From: russet  Read Replies (2) | Respond to of 4051
 
Global platinum + gold

A quick look over this companies news releases leaves me with a bad feeling.

http://biz.yahoo.com/n/g/gpgi.html

This release talks of the most amazing ore values I have ever seen,...better than Bre-x even.

http://biz.yahoo.com/prnews/010827/lam040.html

The reporting by this company is amazing,...complete absence of sampling information,...the CDNX would not allow this company to report in this fashion.

Global's Hassayampa property has on site stockpiled ore consisting of approximately one million tons, which at 8 ounces per ton of platinum adds another approximate two billion to estimated reserves, but does not take into account the other platinum group metals we expect to extract, such as palladium, and rhodium, as well as gold and silver. In laboratory samples, we show approximately 5 ounces of rhodium, 5 ounces of palladium, 3 ounces of gold and 5 ounces of silver. As indicated in an earlier Press Release, Global has made a verifiable sale of its product to a major refiner that showed 8 ounces of platinum per ton of ore.

The foregoing estimates should not be construed to be actual reserves. The estimates stated above are not the same as ``proven,'' ``proven developed'' or ``probable'' reserves. Proven reserves can only be stated as such after a comprehensive analysis of a mining location has been undertaken by certified geologists and others expert in the field utilizing objective criteria to measure the actual tonnage and values contained therein. Global intends to prepare such reserve information as soon as practicable and funds are available to do so.