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

To: JACK R. SMITH JR. who wrote (5929)	5/8/1998 9:36:00 PM
From: Zeev Hed	Respond to of 14226

Jack, but, at least, now you can calculate a "burn rate" for this company. You need only few hundred ounces per month to cover this burn rate, this is the bright side of the picture. I also see a bright side in the relatively low "accumulated deficit". Compare this to $35 to $45 MM of OPM IPMCF managed to squander, and you got to take your hat off to Jensen, this despite disagreements I might have with the way this onion is being peeled. Zeev PS, the only problem I really have is what I would consider excessive Legal fees. It comes to about $30,000/month, this is "heavy". Could some of this be associated to "finders fee" for raising money? It should not be classified as "legal costs" if it is. Well.