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

To: Anthony Zack who wrote (8687)	12/1/1998 3:10:00 PM
From: Ed Fishbaine	Respond to of 14226

Zack Pending an official statement from the company my understanding is that 10 ounces is 10 ounces, not gold equivalent. Probably a large part of the weight consists of rhodium which is currently bid at $630 per ounce. Also Sabin will not be receiving 10 ounces because in the firing there is some loss.. But this can be worked on to reduce this loss. The critical fact is the recovery in the precip of 10 ounces. Even if this reduces to 3 ounces net at the end, you have a $1000 per ton minimum. Going up to 100 tons per week would produce $5 million per year for openers. And there is no reason why they cant go to 1,000 tons a week. the ore is there and the required infrastructure is small potatoes and there is enough land area to erect the required structures. Once in a cash flow position, self-financing for expansion is available. Who needs a joint venture partner then. But like the banks who are ready to lend money to those who dont need it, GPGI will have numerous suitors when it no longer needs them. But a buy out is probable. The longer it takes for bids to be on the table, the better, because with time the value of GPGI will be enhanced. Regards, Ed P.S. Aside from the money I will make pretty soon the secondary reward is to see the shorts screaming in panic.