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Gold/Mining/Energy : A New Age In Gold Refining -- Ignore unavailable to you. Want to Upgrade?

To: Michael J. Wendell who wrote (314)	12/15/1997 3:56:00 PM
From: Tritone_ch	Respond to of 672

The "Friendship Lab" was also used by IPMCF.

To: Michael J. Wendell who wrote (314)	12/15/1997 4:58:00 PM
From: Lee Bush	Read Replies (1) \| Respond to of 672

Dear Mike: I am refraining from asking any questions concerning your references to GPGI. What you have offered voluntarily is great news, in my opinion. A comparison of GPGI's approach with that of IPMCF is very useful. One company took the conservative approach and concentrated on a methodology to extract metals, and made an estimation of whether the ore is economic or not economic. The other company simply tried to prove reserves to get more investor funds from banks, etc. and really hasn't gone very far to prove whether their ore is economic or not. This difference in approach was pointed out very early on by Zeev Hed, and I respect him for it. Later, you also drew attention to this in your posts on this thread. I am gratified that someone with your understanding of the problems associated with extracting DD metals is now in a position to add the next required link in the chain, the refining of these dore bars. As you say, we will have to move toward economies of scale, greater capacity, and new equipment, i.e. a production refiner, not a laboratory. I do recall that the large copper refiners were located in El Paso years ago. I don't know if they still are. They accepted very large copper ingots and produced pure copper, plus other metals as by-products. What you have in mind is a large-scale refiner that is suited to the processing of predominantly copper dore bars, recycling the copper back again to the mills. I assume from your post that you feel that this refinery will be profitable based upon these precious metals alone. I will ask you a couple of questions that relate to the refinery itself. Could you describe the general scale of such a plant? Approximately what kind of return is possible to the refiner based upon these early samples of dore bars? How expensive will such a plant be and how will it be financed? Are there locational constraints, i.e. will it have to be accessible by rail, as were the El Paso copper refineries? What area will such a refinery serve? How many different kinds of ores can it process? How many small mining companies would be required to utilize such a facility to make it profitable? I don't think any of these questions compromise any of the DD companies themselves. Thanks. Merry Christmas and looking forward to a very exciting and interesting New Year. Lee

To: Michael J. Wendell who wrote (314)	12/15/1997 8:36:00 PM
From: Larry Macklin	Read Replies (1) \| Respond to of 672

are these publicly traded companies?does this relate in anyway to naxos recources?