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

To: Paunch who wrote (8362)	11/10/1998 11:19:00 AM
From: Lee Bush	Read Replies (1) \| Respond to of 14226

Paunch: Not even the company knows how much is rock as the ore was screened decades ago by the Ariz. Hwy Dept. That huge pile of screened ore means that they will not have to screen the deposit for a long time. Not anything unusual about the floodplain deposit, i.e. no large boulders, etc., so screening the deposit will amount to a very modest expense. By then, they will have the moolah to absorb that expense. Lee

To: Paunch who wrote (8362)	11/10/1998 11:50:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 14226

Paunch, <<how many tones of head ore it takes to make one ton of screened ore>> I don't know the answer to that question, but it seems that GPGI can consider the ore pile head ore as far as cost is concerned. Dennis says almost all of it goes into the mill. You could use my conservative numbers ($3-6/share), or probably Ed's more realistic numbers ($17/share) on just the ore pile to determine fair value for GPGI which is currently undervalued by an order of magnitude IMO. I remember a year or two ago GPGI presented results from a drill program on some of their property and the values were somewhat consistent with Maxam's assays. How they hit the big league with that ore pile is worthy of investigation, it must be one hell of a paleo-channel or pluton to source that much precious metal. If Maxam correlates it's mapping technology with the current COC drilling, GPGI should investigate the new mapping technology IMO. Too bad these companies don't talk to one another.