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

To: Bob Walsh who wrote (6692)	7/14/1998 8:46:00 PM
From: Jeff Williams	Read Replies (1) \| Respond to of 14226

Bob: Thanks for posting the corrected cost figures. The good news just keeps on rolling. Taking the 15 ton figure and doubling it and all the costs (except fixed costs) and metal values, I come up with $5,119,776.00 gross per year. I suppose we can assume Sabin cannot get everything out of the resin, so I used a 90% recovery rate and got $4.6 million a year, or about $0.20/share per year. This means we could be looking at a $4 stock at 30 tons per day when they get their 2nd shift going in a few weeks, an $8 stock at 60 tons/day and ... you get the idea. Regards, Jeff

To: Bob Walsh who wrote (6692)	7/14/1998 9:06:00 PM
From: Jafco	Read Replies (1) \| Respond to of 14226

Bob, I didn't read the release as saying the yield was $200 per ton, what I read was Sabin was to charge gpgi $200 per ton to refine their product. If that is true your figures indicate a bottom line of $135,664 per month X 12 mos = 1.628 million annually at 15 ton/day. At 30 ton per day I hope Jensen can bootstrap this operation to 100 ton/day , then to 1000t/day in a year or two or even three. However I noticed the processing costs and fixed overhead figures do not total a previous figure they gave of $15,000 per week. Joe