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

To: JACK R. SMITH JR. who wrote (9792)	3/19/1999 9:56:00 AM
From: Ed Fishbaine	Read Replies (1) \| Respond to of 14226

Jack Your letter to DeNoble is well taken with one possible caveat. You make the obvious point that the assays of McKay are high and that on a production level the returns will be lower. McKay himself stated this. However, you may not know that USPS is on the verge of production. They have a plant which is now being tweaked for last minute glitches. They will not say anything publicly and officially until they have proven out what they claim they can do ( contrary to GPGIs past policy). The aim is to process 10 tons a day for openers and the return will be $1500 per ton. This comes to around 4-5 ounces of metal per ton. By coincidence 4-5 ounces per ton is what McKays numbers come to. We can expect news from USPS in this regard within 2 months at the latest. Ed

To: JACK R. SMITH JR. who wrote (9792)	3/19/1999 11:44:00 AM
From: Scott Wheeler	Read Replies (1) \| Respond to of 14226

Jack - good post. << We know not the source of the analysis for the values reported. >> I must assume that they are in-house analyses, although I'd like to hope external corroboration is either planned or in the works. It's come to 'the little boy who cried "platinum!"', and I am afraid that after many misfires at the PR lectern, he has gained his doubters. However, this doubt will be short-lived. Others are beginning to report similar numbers (note Ed's last), and thus this is not the issue, imo. The issue is what follows credibility - production and subsequently ("do what we say and ..."), profits from selling precious metals. Global had what seemed to be a technical lead a year ago...now it appears that others have either eroded that lead or erased it. But remember that all are still lurching towards Bethlehem (Pt not Fe) and Gordian knots still exist. Alexander, unsheath thy sword!