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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 (4841)	1/23/1998 9:04:00 PM
From: Jeff Williams	Read Replies (1) \| Respond to of 14226

Jack, et. al. -- Sorry to have taken so long to get back on the thread but I wanted to pass on that you are right about Ed Fishbaine's mis- calculation yesterday. He relayed this to me by E-mail earlier today, I just haven't had the time to get on the net and pass it on. He also let you know by E mail, so now everyone knows it takes approximately 1 (One) Ton of head or to produce 170 pounds of primary concentrate, not 280 Tons as indicated in Ed's e-mail origninally. On another subject, you write: <<Chucka, yes, I agree that Weaver Creek reserves are underestimted at 100 mil tons. I do not think that it is as rich as the H. Project, but it certainly represents a great potential.>> Jack, it seems to me I had conversation about WC many years back with either Russ or Dick, and it was indicated that the Weaver Creek is just a little higher grade (not lower) than the Hassayampa, but the difference did not warrant the trucking expense. Also, I agree with Chuck that the reserves are likely higher than 100 million tons, because they were still in ore on strike and to depth at 350 feet. But, as money was tight then (and still is), they stopped drilling and made the calculations based upon the drill figures they had. Jack looks like we're closer to your frog dinner than I would have believed a week ago. Have a great weekend everyone. It just keeps getting better and better! Regards, Jeff