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

To: Richard Mazzarella who wrote (8063)	10/22/1998 10:21:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 14226

Richard, we were told that the cost of chemicals is $232/ton and the weekly overhead $15,000, thus if we get an average of $300/oz, then at 220 tons per week (if there are no other charges) you have "breakeven". Personally, I think that the cost of copper for smelting is not in the equation, and if they dispose every time of the resin, this cost might not be in as well. I am also worried about the cost of smelting as well (ovens when used at this rate require servicing quite often and cost energy to fire up). My back of the envelop calculation for the type of process described was about $500/ton, quite profitable at 3 oz/ton, quite problematic at just 1 oz/ton (with the current process). We have not taken into account costs associated with compliance with EPA requirements either, but that should be the last problem right now. The onion is still alive and well, and the number of peels still seems "infinite" (at least it is "countable" infinite or Alef zero, not the other kinds). Zeev