To: Jafco who wrote (7459 ) 9/16/1998 10:07:00 PM From: JACK R. SMITH JR. Read Replies (1) | Respond to of 14226
Jafco, I can tell you that I spoke with a company consultant recently who felt quite confident in relation to their meeting today with AZDEQ. They are working diligently on this issue, and are keeping their eyes on the future and production. I do not feel that this will be a large issue in the future if they put it to bed now and act forcefully. The larger issue is production, profit, etc. I feel that they are fully engaged in that issue, and although I do not know the result of their effort, I would bet on the long side. It is a real grind for me to review the bidding on the potential ore reserves, and those are not proven, but let me just say, that if what we have been told is true, they are many multiples of the present value of the company. What the company is attempting to do has not been successfuly done before. They are attempting, and have extracted economic values from unconventional ores through their proprietary processes. They are a startup company and have "startup problems", and have had in all honesty for years. I will give you an example. They thought that they were permitted by AZDEQ, but they were not, they only had a hazardous chemical permit. Will they have great trouble in being fully permitted? I think not, but many here have made much of that. God bless these turds, because they bring us to compliance! Perhaps thall is our friend?? Why did they ignore this--My perception is that they are and have been focused on the big "P" and the big "P". What are P&P, they are the key, and I will tell you what they are. They are first "production" and then "profit". These are the key to increased P&P. Increased P will bring increased P, and increased P will bring increased P, if you know what I mean!! Lets bring some P, GPGI!! P, Jack!!