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

To: JACK R. SMITH JR. who wrote (4454)	12/12/1997 10:24:00 PM
From: Alan Vennix	Respond to of 14226

DESERT DIRT INDEX VALUES AS OF DECEMBER 12: NOTE: During the past week, NAXOF released results from Ledoux Labs where the Johnson Process indicated a gold content of 3 oz/t from 3 COC samples obtained from the first of 5 wells drilled by Behre-Dolbear on the Franklin Lake property; Ledoux is repeating the tests for gold and has also indicated the presence of platinum, albeit at inconsistent levels. CHIP announced that they had filed the necessary paperwork for the spin-off of one of its' mining subsidiaries, Griffin Gold; also, in a letter from Keith McKenzie (IR) to shareholders, CHIP announced a Private Plavement of 2.2 MM shares @ $0.75 (with an attached warrant for $1 with a 2 yr limit) with the funds to be used primarily for the construction of a processing plant on its Cochise Mining subsidiary property in AZ. Finally, in a President's Message to Shareholders, Dale Runyon of MXAM reviewed the companys progress over the past year, and reiterated their plans for a 1000 t/d mine at their Peoria Seven property, scheduled to be operational in April of 1998 producing gold, silver, PGMs and other metals and elements. Mr Runyon also stated that a personal obligation was causing him to market 200,000 of his shares (estimated to be 1% or less of his holdings), which likely contributed to the decline in the value of MXAM stock during the past week. For the week ending Dec 12, all stocks sufferred declines, with NAXOF -9%, CHIP -11%, GPGI - 21%, IPMCF - 28% and MXAM -36%. For the 4th Quarter from September 30, NAXOF is the only positive at +4%, CHIP is -30%, GPGI is -33%, MXAM is -52%, and IPMCF is -82%. Year to date: MXAM is +150%, NAXOF is +107%, GPGI is -18%, CHIP is -54% and IPMCF is -76%. Note, a basket of these five stocks purchased Jan 1 with an investment into each on the basis of their relative market capitalizations, would be up 15% since that time (down from the +35% of last week due to declines in all the stocks, but particularly the 20+% declines in the AZ stocks). Additional detail is available at: exchange2000.com

To: JACK R. SMITH JR. who wrote (4454)	12/13/1997 2:45:00 AM
From: J.E.Currie	Read Replies (1) \| Respond to of 14226

Jack, Lets suppose gold goes lower & more mines close and these problem refiners lose many "traditional" clients. Perhaps then those problems will be resolved. Below is my comment on Naxos release. Date: Sat Dec 13 1997 01:44 Cueball (@whats your favorite word) ID#344210: Mooney, My exclamation was that there was a P/R release in the first place as I had heard from a very reliable source who had informed me that there was serious footdragging due to serious apprehension on the part of L/D, in that the "Old Time" customers might take their business elsewhere. The second part of my exclamation was that the wording & content was as you suggested, weird and confusing and was I suspect part of the agreement to issue something that would for the moment prevent a threat of legal action ( not to release ) . The third part of my exclamation and that which could suggest lower precious metal prices is the fact that these "prepared ores" have serious quanties of PGM's, and that say what you may but B/D & L/D have certified their existance and paved the way for resource calculations.