To: Jeff Williams who wrote (5213 ) 3/2/1998 9:13:00 PM From: JACK R. SMITH JR. Read Replies (1) | Respond to of 14226
Jeff, Bob is right in that we are at a turning point and he is right in his perceptions. I certainly thank him for starting this thread and for his recent contributions. Ed Fishbaine knows the numbers and I admonish him for telling how good they are, potentially. Potential means nothing until it begins to be realized! The company obviously has good ores, and they are near a turning point in many, many respects. Hopefully a major turning point for us stockholders will be a better informational flow from the company which will gain our respect. My current evaluation is that the company is producing metal of good precious metal content, but the process needs great improvement on their part if they are to be able to sell it to non specialized refiners. They are producing a good dore, but it is trashy and hard to handle by conventional means. My hope is that either Auric can handle it, or GPGI improves the purity. To sum it up, great progress has been made, and hopefully will continue to be made. The turning point is near, perhaps imminent! I would not call imminent at this point but simply point to a near turning point. I have told you that it is near before and you have the same prediction from Bob Walsh. We could be both wrong, but I doubt it. If we are, then you have my humble appology, and I will leave his to him. There is a universe of future progress to be made by GPGI. The first positive step will be economic production by any process, then improvement of those processes, and perhaps new processes. The relationship between GPGI and Consolidated Noble was represented as a prodcer-refiner relationship, but perhaps GPGI should keep its eye on Consolidated Noble as a process developer rather than a refiner. That is all that I will say on that and I will answer no questions in that regard. I wish the best to all who are involved here, no matter what their investments. We who read these threads frequently would like to cut the throat of our adversaries, but in a sense, whether right or wrong in our selection of individual companies, all had the good sense to smell a sea change in metals and I must congratulate all whether sucessful or not!! Watch and wait for that which will happen!! Watching and waiting, Jack!! No predictions for today, not that I do not have them, just no interest among viewers!!