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

To: Bob Walsh who wrote (5200)	2/27/1998 11:04:00 PM
From: JACK R. SMITH JR.	Respond to of 14226

Bob, I just wish to thank you for your efforts in providing a meaningful flow of information to us stockholders. It is my opinion, and considering the price, that it is excellent. Thanks. You and everyone here know my opinions, thanks to my big mouth. The progress and development within the company are much, much more important, and we thank you for bringing them to us!! Thankful, Jack! P.S.--Due to my condition (perhaps the politically correct term would be) Metabolically challenged! (diabetic), I only eat red meat once a week, but tonight is the night!! Perhaps a dracm of the red wine also--a drachm or two good for me, but perhps, and methinks I shall have four or five(self destructive instinct)!! To all a good weekend!! For me, I hate it when the markets are closed, but I shall resort to my hobbies and perhaps those will be restorative.

To: Bob Walsh who wrote (5200)	3/1/1998 7:07:00 PM
From: Ed Fishbaine	Read Replies (3) \| Respond to of 14226

Hi Bob I imagine that when you talked to Dennis you asked him for an estimate of what 1031 pounds of dore would be worth. I also imagine that he told you that not only did he not know but that neither Jensen nor Auric would guesstimate. I will guesstimate: According to Twiford, once again, dore is worth about $90 per pound. Thus 1031 pounds would be worth over $90,000. This extrapolates back to head ore at around $10,800. But we are not yet commercializing at Twiford's. laboratory rate. So let's assume that we can achieve $25,000 for these 1031 pounds. This means that head ore is worth approximately $3000 per ton. That's pretty good. Drop the yield to $10,000 for 1031 pounds and we get $1200 per ton head ore. I eagerly await Auric's numbers and pray that they do not fall below $10,000. That I can live with. Below that I will be very unhappy. I think we are approaching a moment of truth even though I will not be surprised if that moment is delayed beyond next Friday. Best wishes, Ed