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

To: Richard Mazzarella who wrote (7245)	9/8/1998 7:37:00 PM
From: JACK R. SMITH JR.	Respond to of 14226

Richard, I agree. I have seen nothing to refute earlier announcements here. Re ticks and fleas, we got our share, but a good dog can shake or scratch those. I would love nothing better than to engage Mr. Laser in an extended pissing contest, but it would serve only to detract serious investors. His purpose is certainly questionable at best. Beside that, he has Texas Spit on his boot! Is he an employee of the AZDOM? On a more serious note, I view the current process of beginning receipts, improving the process, and ramping up production with extreme anticipation. If the first receipt included more than one ounce of PGM, then that makes a liar out of the AZDOM! "There are no PGM in Arizona--rough quote"--Who said that? By my calculations earlier, profit--is in the area of $420 per ton. Given that and slippage as we say, then we should arrive at $150,000 per month profit at the level of 15 tons per day and 25 days per month. That equates to net profit of $0.09 per share at these levels. Not bad considering that they are heading for 50 tons per day and improving the process. Surely there will be slippage--expect it, but progress is progress, and I will take progress! Progressive, Jack!!

To: Richard Mazzarella who wrote (7245)	9/8/1998 7:59:00 PM
From: Laser	Read Replies (2) \| Respond to of 14226

Richard, Always the optimist ;). Let's look at Globals' statement again: "It is also too early for Global to be able to offer a reliable estimate of the quantity of head ore required to produce a given quantity of metal. Those figures will be available at such time as we stabilize production." From the June 25/98 release based on a 9 ton production run: "1 ton of screened ore produced: Platinum..........28.79 grams @ $355 = $340.58 Gold...................6.......grams @ $295 = $58.98 Rhodium.........24.79..grams @ $640 = $528.77 Palladium..........8.26..grams @ $297 = $ 81.77 Total metal prices................................ $1,010.10" Looks to me like Global is now saying they are not sure how much ore will produce a given quantity of metals. Pretty hard to project cash flow when the end result is variable.