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

To: Tim Hall who wrote (8398)	11/11/1998 12:26:00 PM
From: Richard Mazzarella	Respond to of 14226

Tim, <<if they identified the minerals containing the pm's>> I was a scientist and very well understand what you're saying, but it's unrealistic. Remember, these are people that couldn't calibrate their AA machine. They will hunt and peck until they find a process that works, make money, and then they can afford to hire the engineers and scientists, that's my point.

To: Tim Hall who wrote (8398)	11/11/1998 1:11:00 PM
From: Ed Fishbaine	Respond to of 14226

Tim >>why sometimes the process works and sometimes it does not.<< As Richard points out the mill people were incompetent. The results of the first runs of the resin process were a total failure because there were no pgms in the leach. Actually the combined shipment of 1 and 2 returned some value because the material run through the resin was not recently leached material but material previously processed as anode sludge. Those boys were worse than amateurs. But they are now toeing the line and obeying specific instructions and following procedures as though they are blind men who have been given seeing eye dogs. If they cant hack it they will be dismissed and replaced. This still leaves the question of whether or not the ore can be extracted economically. We will soon have a yes or no answer because the ambiguity based on faulty personnel has been eliminated. Knowledge of the mineralization of the metals would be useful but at this stage not necessary. My bet is that the head ore pile is relatively homogenized and that the variations in concentration will average out over many runs. I give the odds of economic success at 10 to 1. This is based on multiple lab results over the years, successful extraction at a minimal level which has demonstrated recoverability despite the bumbling, and the extraordinary low level of infrastructure and operational costs relative to the recovery potential. Regards, Ed