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

To: Chuca Marsh who wrote (6983)	8/14/1998 10:53:00 AM
From: richard badauskas	Read Replies (1) \| Respond to of 14226

Do any of the DD companies have patents over their recovery processes? I have followed these threads for about two years and have never seen any references to patents. A small Australian company called Geo2 Ltd, geo2.com.au has done a lot of research in the field of ion exchange resin beads as applied to precious metals recovery and registered patents (pending). This research has been carried out at several universities and with the assistance of the CSIRO. In fact one of the principal research scientists from the CSIRO joined Geo2 after a R&D Syndication was set up to fund the commercialization of the process. Geo2 now has a non-cyanide trial plant which is being sent to China for one year trials. The processing will start at 10 t/p/d and build up to 100 t/p/d, it is small and very portable. They also own a refinery. However the ore being used is high grade oxidized material, this should generate a quick positive cash flow and allow further development of the technology. Where does this leave companies that do not hold patents over their processes?

To: Chuca Marsh who wrote (6983)	8/14/1998 2:45:00 PM
From: Jeff Williams	Read Replies (2) \| Respond to of 14226

Chucka, and others: I don't think Ed's "over the line." I'm kind of tired of hearing about GPGI joining efforts to bring another DD on line, even if they could. Basically, I guess I'm a selfish capitalist at heart. But we spent damn near 20 years developing our process (at our expense), and many of us have bought and held shares through thick and thin, losing many other opportunities along the way. I'll be damned if I want GPGI to help anyone until they prove themselves viable, and they put some money in the bank. I don't follow NAXOS or MAXAM or CHIP or USPS, but I don't think any of them have ore as rich as GPGI, and so far as I know, none of them has engaged in commercial production, so what's the problem here. We are the leaders as I see it, and Russell has spent two decades to develop a proprietary catalyst. You want to JV this, and for what? We don't need any more ore, especially stuff that's lower graded than what we already have. We'll be mining the Hassayampa, Weaver Creek and Oro Grande when all of us are dead. Unless there's some money in it, up front, we should focus all our energy and resources to become profitable as soon as possible, and it won't be a day too soon for me. 16 years is a long wait in any investors book. I think your attack on Ed was unwarranted. Regards, Jeff