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

To: bconard who wrote (4715)	1/9/1998 7:43:00 PM
From: JACK R. SMITH JR.	Read Replies (1) \| Respond to of 14226

To all, Let us not pass over the receipt of real money for a dd product as a very significant event! Yes, the receipts are small, but they portend much greater receipts. The fact is that more than one refinery has produced payment to the company. The future is a matter of scale and capacity. I feel rather good about it. Using previously announced 5 tons per day at 8 ounces per ton, I come up with an easy 150,000 per month whish should be well over operating costs. I am being very conservative in this. Assuming that a combination of refiners and in-house efforts can handle the volume, we should be in good shape. We must realize that the company has been feeling out refiners with small shipments and not in the full bore mode. Let us give full credence to the present progress and give credit where it is due. They appear to have the properties and the process to be a very big player in the PGM market. I wish to thank those who have worked so hard to bring us to where we are today. Give them a round of applause, guys and gals!! Thankful, Jack!