To: Bob Walsh who wrote (5206 ) 3/1/1998 10:12:00 PM From: JACK R. SMITH JR. Read Replies (2) | Respond to of 14226
Bob, I would like to add my humble opinions to the discussion--please bear with me in this. I believe that GPGI has an assortment of properties which are almost unparralelled in potential pgm content. With that said and with that as the fundamental statement, then let us proceed. They are at the very early stages of realizing the extractive potential of those properties. They do have a very important advantage and that is that they have rich ores. They must and I am in hopes that they will economically extract those ores. Taint easy, as they say in the hills of Arkansas. They move from one refiner to the other. Perhaps they have found one in Auric. Hey, rome was not built in a day, and Jerusalem will never crumble again!! One must look at the trend and the trend is your friend until the end of the trend!! I, friends, look at trends!! GPGI is in an uptrend until the end of the uptrend. It has been in a downtrend and I here and now, call within two weeks the end of that. I would buy on weakness and perhaps in small positions, sell on strength! Has it finally solved all its extractiive problems--No question--NO! My sense is that it will have to achieve better extractive processes before it truly excells, but that is my opinion, and mine only. I have never liked the electrowinning solution and I think there are other and better solutions, but I will take progress as it comes. If they want to build a profitable "tank farm", then so be it. I will go with that. Faithful, Jack!! P.S.--Jafco--I am calling the end of this trend within two weeks--Jack!! Ultimate bottom within two weeks!!--or up from here!