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

To: Bob Walsh who wrote (5140)	2/21/1998 5:31:00 PM
From: Bob Walsh	Read Replies (2) \| Respond to of 14226

To all - corrections & additional info. to my last 2 status posts: - Process: the weight of dore bars was a guess and is incorrect. The actual weight is considered proprietary by GPGI. Also, various other aspects of the process are considered proprietary. - Process: The time it takes AuRIC to convert sludge to PGMs was understated and is considered proprietary by AuRIC. AuRIC has committed to issue payment thirty days after receiving sludge (that is what we care about). Most future shipments to AuRIC will probably be sludge. - Production: the remaining dore bars produced by GPGI that were not shipped to AuRIC are being turned into sludge by GPGI. - Financing - additional tanks: while initial plans indicated 40 tanks, this may change. There is no commitment to any specific number. Also the additional cost of $10,000 (to operate 40 tanks) was a wild guess. - Robert Nielson is not CFO, he is a legal consultant to GPGI. Dennis is handling finance, PR and a variety of other roles. - Rule 144 stock: As many start up companies do, GPGI has been and is funding operations and expansion via the sale of stock as opposed to incurring debt with high interest rates. The price of rule 144 stock is, in general, the bid price less 30%. Rule 144 stock must be held for a minimum of one year and can only be purchased by "qualified investors" and usually only in minimum amounts of $25,000. If anyone is interested, call Dennis. Dennis and I are both trying to determine the best way to handle this type of communication. To avoid misinformation I will hereafter furnish Dennis a draft of my write-up prior to posting it so that he may correct any misstatements. Bear with us. Regards, Bob