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

To: Richard Mazzarella who wrote (7609)	9/26/1998 9:47:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 14226

Richard, maybe the way to play this is to invest in Sabin. We have heard for a long time that the refiners were taking GPGI to the "cleaners" (not paying what is really in the concentrates delivered). I really do not know any specific facts, but I am looking at the general trend in "goodies content" and it has gone from (rough numbers and from memory) $8,000, to $2500 to $1000 to what now? My fundamental worry is that if we extrapolate this line it will cross the $300 to$500/ ton and that is the danger area of profitability (if smelting is a required process). The permit fiasco does indicate some degree of not paying attention to all the details, and if such an important factor is overlooked, I am worried that other, even more important, factors are overlooked. Zeev