To: WOLF who wrote (6764 ) 7/17/1998 9:48:00 AM From: Zeev Hed Read Replies (1) | Respond to
Wolf, as far as I know, MXAM has less than one once per ton total precious metal content while GPGI (according to recent numbers) has 3 such ounces. One of the reason I did not even started to follow MXAM is that in some of the first few news releases calculated outrageous values of the ores including rare earths, titanium aluminum and iron (and a number of other "base metals"), none of which is really commercially extractable. I have also taken a piece of granite from my backyard and it showed similar concentrations of rare earth. I have done an X-ray analysis of some of GPGI's stuff, and the concentration of rare earth was higher than the concentration of the PGM or even gold). To me it was pure hype and a waste of time to continue and follow. Things might have changed since then, but unless they can show concentrations well in excess of an ounce of goodies, and those "goodies" are indeed in a "strange form" the extraction costs might be larger than the receipts for those goodies. I made the same argument in the case of IPMCF for the last two years, but somehow, people refused to heed the Echoing Wolf.
