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

To: Zeev Hed who wrote (6596)	7/10/1998 2:59:00 PM
From: Ed Fishbaine	Read Replies (2) \| Respond to of 14226

Zeev, I do not believe that there is any special, arcane information that is known to only a select few. IMO the market is moving because of the last news release which has finally percolated down. If there was a seller loaded with shares he has been scared off, perhaps to return at higher prices. Consider that with $1,010 per ton of head ore, and $232 in costs and perhaps $150 to the refiner you have a net of $628. Where has there ever been a hard rock mine with this kind of net? Plus the mining costs are so minimal relative to hard rock, plus the reserves are so extensive, plus the costs for ramping up to much higher levels of processing are so minimal. Why shouldn't there be a scramble for the shares without the need for any special information? The 50 cent price was artificially created by a determined and loaded seller. IMO this first wave up has yet a way to go before consolidation takes place. And that's only if some extreme heavy hitters do not come in around now, which is not impossible. Ed