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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 (5015)	2/7/1998 8:53:00 PM
From: Bob Walsh	Read Replies (4) \| Respond to of 14226

To all GPGI status report (per talk with RJ): - audited financials to become designated security: has been delayed due to health problems of auditor and need to have Ore Grande appraised. Ore Grande is being appraised now. Several funds have been talking with GPGI and apparently will invest when GPGI is a designated security. - payment for shipment to Consolidated Noble Metals: Consolidated Noble Metals had problems completing refining of the shipment so it has now been sent to AuRIC for completion. - AuRIC's analysis of Ore Grande samples: has been completed with "very good results". Report may be issued by GPGI in several weeks. - Mine with concentrator plant in N.W. Arizona: GPGI has an option on it. - Ore Grande: plans are to have two big core holes drilled within several months. - refining: GPGI has 8 tanks and AuRIC now has 12 tanks. Two tanks yield 7 pounds per week. When they get to 150 pounds per week a rough estimate of resulting profit is $90,000 net. AuRIC originally lost a lot of the PGMs but are now capturing more. They are learning how to improve yields on an on-going basis. - Verification of ore value: A expert from South Africa is doing a chain of custody from ore samples through analysis to verify value/PGM quantities of the ore (not sure which ore). That's all for now. Regards, Bob