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

To: Jafco who wrote (5169)	2/24/1998 10:36:00 PM
From: JACK R. SMITH JR.	Read Replies (2) \| Respond to of 14226

Jafco, You confused me so much with your complex qusetions that I typed Jafco as my username on logon. Can you simplify the question? If it is about the price projection of GPGI, I can only tell you that it looks OK today. Very much, it depends on the company____----____and what they are willing to tell us!! Once again, it has been too long since a meaningful announcement!! We are all news junkies, and with that said, I will only comment on the price action. Let me drag out my chart-- The long term trend has been down for a long, long time. The stock moved below long term support levels in December to below $1.00. Then moved into a pennant formation from which it has recently broken below and then rallied. If this formation holds, it projects to the $1.80 area. We could be nearing a longer term bottom in this action, but I will not call it till I see it. Frankly, it depends on the company, and they have not come forth with much lately. Short term positive here! If this rise does not hold, then we are back to the short side of the formation and finding a bottom above the $1.00 area. In summary, I think that we have seen the ultimate bottom, and may test something above that and pox upon anyone who says different!! Pox upon the detractors, Jack

To: Jafco who wrote (5169)	2/24/1998 11:35:00 PM
From: Bob Walsh	Read Replies (2) \| Respond to of 14226

Jafco, although you did not direct your post to me I will respond. My post 5141 did not negate all of my post 5125 -only a few minor parts: - While the weight of the dore bars in the tank was incorrect, the actual weight is not that important to us. We are more interested in (1)how much value GPGI can recover (and get paid for) in a given time period, (2) how easy is it to ramp up production, (3) how profitable will increased production be, and (4) what is the probability of the recovered value improving. - Process: time to convert sludge to PGMs. This is important. AuRIC has committed to a 30 day turnaround for payment. This (if it happens)is far better than any previous refiner. - Additional tanks. Yes this is important since this is one of the key factors in increasing production. GPGI did not want to commit to a specific number at this time. Also while GPGI did not want to put down a specific dollar amount for the costs of increased production, the wild guess of $10,000 gives a ballpark amount which even if it were to be doubled (not suggesting that it would be) would still provide a good low cost for production increase. The above are the only points associated with earnings. I am still waiting for the results of AuRIC's PGM conversion. Regards, Bob