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

To: Larry Brubaker who wrote (8916)	12/29/1998 4:12:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 14226

Larry, <<What happened>> It's happening much slower than expectations, what's new. I've never liked that ore pile focus in the first place, no way to assay it, no why to determine homogeneity, no way to value GPGI much more than $2/share with 500k tons, metal in the ground. If they can get the 10 OPT out, it's worth more, but most are guessing that when everything is said and done it will be closer to 1 OPT recovered. That's not shabby, but value it at $10/oz metal in the ground for 1 OPT, $0.19/share. Want to go nuts? Value it at $30/oz metal in the ground, $0.56/share. Of course, for every additional oz recovered, that value multiplies the others. I would be happy to see Global just make enough income from the ore pile to fund their other property development, that's where the real money is IMO. Then let miners mine it. That's the ticket.