To: Jeff Williams who wrote (7752 ) 10/5/1998 5:59:00 AM From: d:oug Read Replies (2) | Respond to of 14226
Jeff, I want the McKay program to be successful simply because I want to invest into GPGI. In my option, most likely the stock price will drop to a value that will call out to me "buy me" before GPGI can post onto their official web site results that can be translated into profits from an extraction process. I would rather buy in sooner than later, eventho I realize that the price may level off until news is released. The current price, to me, is a bargain considering the multiples possible if the price of gold goes up and GPGI really fullfills its hype. So, please help me gage the situation by answering the questions I put below. If those items in Mike's post come true, then its buy time for me. I copied a summary, and following this are my questions. To: Mike McKay, From: Mike McKay, Thursday, Oct 1 1998 To All: I have just returned from my visit. Has all the equipment ordered in August been delivered? No. What is the interim target? 50-ton per day capacity in all facets of the operation. The interim target date is not later than October 9, 1998. The objective is to have the plant ready to go to a 50-ton per day production mode as soon as we get government approval. From a technical point-of-view the system, methods, etc. work. They work to the extent that at 50-ton per day we would be able to pay all direct, indirect, head office costs and equipment replacement costs and still produce a very significant profit. In my proposal to Mr.Jensen I am recommending that a 50-ton trial be initiated as soon as we have government clearance. This 50-ton trial would be reported in detail with respect to cost, profit, etc. and used to be used to validate our process manual. My best to all. Mike McKay My questions of the above, follow: (1) Interim target = 50-ton per day capacity by October 9. (2) Objective = plant ready to go to a 50-ton per day production mode as soon as we get government approval. (3) 50-ton trial be initiated as soon as we have government clearance. (4) The equipment on order, is it needed to execute (1), (2) or (3). ? (5) Is the government approval item the same as the government clearance, as in do these two reference the same object ? (6) The government approval/clearance points to what specifically ? Where in the system are these currently ? Is there an estimated time for approval ? (7) 50-ton trial will be reported in detail... (where, when ?) (8) Mike McKay also had in his post "For my part and my fellow investors, our funding commitment to Mr. Jensen remains intact." Is the funding commitment a reference to buy more gpgi shares ? Doug