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

To: Chuck Bleakney who wrote (6771)	7/17/1998 11:37:00 AM
From: Bob Walsh	Respond to of 14226

Chuck, up until now GPGI has had "production" as part of research. They have finally set up production to do production and not research. GPGI has had the need to come to a profitable point and that is the reason to start real production using a stable production process. Research will continue and Twiford is working hard to improve the process in yield/efficiency and other areas. I believe that based on Twifford's previous comments (unless he has recently changed his opinion)he probably feels that they are only recovering about 1/7th of the PGMs and therefore he can considerably improve the process. The resin columns are part of the present process and will apparently be part of the process for many moons to come. But now the key goal is positive cash flow and not trying to extract all of the PGMs from the ore. It may make sense for GPGI to level off production at say 15 or 30 tons per day until they substantially improve the yields (providing they can do so in some reasonable period of time (say 6 months to a year). Regards, Bob