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

To: Richard Mazzarella who wrote (5501)	3/31/1998 11:53:00 AM
From: mark silvers	Read Replies (1) \| Respond to of 14226

Richard Shouldnt that be .38 x 300(not 30) x500,000 divided by 20mm = 2.85? What am I missing?

To: Richard Mazzarella who wrote (5501)	3/31/1998 11:12:00 PM
From: Eric Tai	Read Replies (1) \| Respond to of 14226

To all, Since every body is talking about 0.383 opt of Au equivalent, I will like to point out that this is not the case. The 0.383 oz is the total weight of gold and PGMs per ton. It is calculated by adding the weight of Au, Pt, Pd and Rd per ton. It is not the gold equivalent per ton. To calculate the opt of gold equivalent, we have to find the total value of metals per ton and divide by the gold price. Since a previous post Message 3899831 already calculated the per ton value as $174.29 per ton. So the OPT of gold equivalent per ton is : $174.29/$301 = 0.56 So we should be using a 0.56 OPT of gold equivalent to do any calculation of the metal value.