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


To: Richard Mazzarella who wrote (6533)7/6/1998 10:11:00 AM
From: Richard Mazzarella  Read Replies (1) | Respond to of 14226
 
Correction: <<(0.5MM tons / 200 days / 9 years = 278 ton /year.>> Should read: 0.5MM tons / (200 days X 9 years) = 278 tons/day



To: Richard Mazzarella who wrote (6533)7/6/1998 12:18:00 PM
From: Jeff Williams  Respond to of 14226
 
Richard: I really cannot understand the question about reserves for any of the DD's until they show they can produce at a profit. Until then, all the so-called "reserves" are nothing but dirt. Do you disagree? Do you think ore that is too complex to be refined into a saleable product, or too low in grading of precious and noble metals to make a profit, can ever fairly be called "reserves"?

I agree, once GPGI gets into production and the checks come rolling in, the question about their reserves will be incredibly important, but until then, they're not worth a nickle, except for use as real estate or farmland.

Regards,

Jeff