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

To: U.B. Green who wrote (6661)	7/13/1998 8:19:00 PM
From: Anthony Zack	Read Replies (1) \| Respond to of 14226

U.B., That appears to be mis-quoted. As per the official news release, that should be 50 - 75 lbs. per week. I am puzzled as to why they did not equate lbs. of resin to dollars. Also puzzled as to why they give us all the costs involved in the process with the exception of refiner costs (which should be known from the report). We know costs to be: $15000 expenses per week + $17400 chemical cost per week ($232 chem cost per ton * 75 tons per week)= $32400 + refiner costs = total costs We know revenue to be: Single Shift > $1010 metal per ton * 75 tons per week = $75750 per week Double Shift > $1010 metal per ton * 150 tons per week = $151500 per week Now if they would state an average $ per lb. for the product going to Sabin - Sabin charges, we could establish some baseline for the profitability metric. I am hoping the added costs for a second shift may be offset somewhat by a volume price break from Sabin. In any event, profitability at some level seems to be easily attainable. My congratulations to Mr. Jensen and crew for achieving this milestone!! Tony