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

To: Richard Mazzarella who wrote (5188)	2/26/1998 10:07:00 AM
From: Ron	Read Replies (1) \| Respond to of 14226

Richard, I was out to the GPGI site outside Phoenix last week. It is an interesting setup, much like Maxam at the front end, but smaller. Smaller mill, small seperator. They basically are extracting right from the dry river bed flood plains. They won't tell all their process obviously, but they are doing what they claim. They discussed the expansion plans for the tanks and furnaces, but others have discussed that before. Interesting thing is they are really getting much more from the ore then it assays! Some real smart people need to visit with these folks to better understand this. My biggest concern is really that they are moving too causiously, and will be overtaken by much bigger operations before they really stage up to large scale prod capability. Of course there are pluses as well as negatives to doing that. Ron W