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

To: Larry Brubaker who wrote (4713)	1/9/1998 12:00:00 PM
From: Lee Bush	Respond to of 14226

All: Mike Wendell and his son have decided not to proceed with their letter of intent with Wardell to build a refinery. Mike did say that he would continue to consult with Wardell. The reasons? Declining POG and uncertain financial backing. Lee

To: Larry Brubaker who wrote (4713)	1/10/1998 11:54:00 AM
From: Gary S	Respond to of 14226

Larry, <<Would you mind explaining how you can factor in these procedural refinements into "back of the envelope" calculations?>> It's really very simple. I visited the mill and Oro Grande about 2 months ago. During my tour, I was told that they had made some recent improvements to the first few steps (i.e. milling, leaching, precipitation) which result in higher concentrations of goodies throughout the rest of the process. My understanding is that the first 50oz sample sent to Engelhard was NOT produced by the improved method. I'm not sure about the Auric sample. True, they haven't reported these developments in any quantitative manner. It all boils down to whether you believe what they say to you personally or not. I happen to believe it but I can't force you or anybody else to do the same. <<From what I can tell, all we know for sure is that all of the metal GPGI has been able to produce in the last 10 years is worth about $15,000.>> The truth of the statement wouldn't change if you replace the "10 years" with "1 year" or for that matter, "6 months".