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

To: Ed Fishbaine who wrote (6992)	8/16/1998 3:42:00 PM
From: Scott Wheeler	Respond to of 14226

Ed, excellent overall analysis of the situation, or in other words, I am in full agreement with your projections <G>...especially: <<I think the fact of production will be the determining event>> For some time now I have also thought about the subject associated with your remark: <<the share price will become delinked from the normal valuation procedure>>, and precisely the same scenario occurred to me: slow & steady upward movement, followed by dramatic rises (and probably swings, too, btw) once it becomes more widely understood that the dirt success story is a new phenomenon and not necessarily subject solely to the usual market forces. And when it big fish get involved (and they will) and it's clear that expensive equipment can then be afforded to significantly increase production, a share stampede could be the result. I'd like to think as you that Q1 '99 will evince that, but, I'd put it closer to Q2....hope you're right and I'm not! But I do think the long wait will be justified, there's light at the end of the tunnel and it ain't the headlights of an oncoming diesel.....sw

To: Ed Fishbaine who wrote (6992)	8/17/1998 10:15:00 AM
From: Chuck Bleakney	Read Replies (1) \| Respond to of 14226

I like your highly optomistic attitiude, but I think that it is just that... I think this process has a while longer to go before it sees fruition. I do feel that it will be fruitful, just that my expectations for a time frame are a fair bit longer. Part of my basis for that reason is the market in general... Even though it seems healthy today I fear for its near future. Not disastrous, but just think that the "asian contagion" is going to be a rather nasty flu and as such will push prosperity out a bit further than you expect. I did finally board the train though... the price of the ticket was right... and all the other pieces I was looking for fell into place. I'm in no rush... if the train is delayed for a while longer it is a delay I can live with. One of those pieces was what appears to be a strongly emerging market for automobiles which will have fuel cells instead of internal combustion engines... and PGM's are a very necessary component of those fuel cells. It's the head's up I was looking for. This should start to kick in as we roll into the new millennia... Chuck