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

To: Anthony Zack who wrote (6663)	7/13/1998 9:31:00 PM
From: Bob Walsh	Respond to of 14226

Stock valuation: The following is an attempt using conservative (I think) numbers to show what a reasonable stock price may be at an ongoing production rate of 30 tons per day and without considering any additional ramp-up in production: 3o tons per day should provide a net profit of about $364,000 per month. This equals about $4.37 million per year, divided by 22 million shares equals $0.20 per share. Using a P/E ratio of 15 provides a share price of $3.00. Interesting isn't it! Regards, Bob